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Qualification Checklist
Diminished Value
Q&A
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Diminished Value Checklist
Is your vehicle worth more than $5,000?
YES.
Generally, the more your vehicle was worth before the accident, the more value your vehicle has lost.
Was the damage more than $1,000?
YES.
Generally, the greater the damage to your vehicle - even after repairs - the greater your loss.
Did the accident happen within the last 4 years?
YES.
If the accident was your fault, most states allow you
4 years
to make a claim. If the accident wasn’t your fault, most states allow you
2 years
.
If you said
YES
To all the questions,
you likely
have a claim
Worth Pursuing!
Even if you said
NO
You may still
qualify for
a
Tax Deduction!
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