Understanding Diminished Value Claims After an Accident

Even after a perfect repair, a vehicle involved in an accident loses resale value—this is called diminished value (DV). But did you know you may be able to recover those losses?

What is Diminished Value?

Diminished value is the loss of market value after a vehicle has been in an accident, even if fully repaired.

Types of Diminished Value:

✔ Immediate DV – The loss in value right after an accident.

✔ Inherent DV – The market value drop because the car now has an accident history.

✔ Repair-Related DV – Loss due to improper repairs or aftermarket parts.

Can You File a Diminished Value Claim?

Yes! In Ohio, you can file a diminished value claim if:

🚗 The accident was not your fault.

📄 You have documentation proving the car’s pre-accident value.

How to File a Claim:

1️⃣ Get a professional diminished value appraisal.

2️⃣ Submit the claim to the at-fault driver’s insurance.

3️⃣ Negotiate (or hire an expert to assist).

👉 Pro Tip: Most insurance companies won’t offer a DV payout unless you ask.

Final Thoughts

Your car may look perfect after repairs, but its value has likely changed. While Solon Collision doesn’t handle diminished value claims, we encourage customers to explore this option—especially when the accident wasn’t their fault. It’s an important step in protecting the full value of your vehicle.