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Based on this example, an auto insurer would pay out a maximum of $1,500 for a diminished value claim on this vehicle. However, based on the damage and mileage, the final calculated estimate for a ...
Diminished value or diminution in value are the terms generally used to describe the loss in a property's market value after it was damaged in an accident and repaired. . Diminished value is most often associated with automobiles but it is applicable to other property of value including real estate or collectibles such as jewelry and ar
Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss. Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate ...
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Once a vehicle has been written off and repaired the vehicle may still lose value. Diminished value is the reduction in a vehicle's market value occurring after a vehicle is wrecked and repaired, otherwise called accelerated depreciation. To collect diminished value after a car accident, insurance companies usually ask for a diminished value ...
The unprecedented BP oil spill disaster just got worse, thanks to the estimated $56,000 drop in home value that every homeowner on the Gulf Coast could experience. As reported in Bloomberg ...
BBB- and below Not rated This is a list of U.S. states by credit rating , showing credit ratings for sovereign bonds as reported by the three major credit rating agencies : Standard & Poor's , Fitch and Moody's .
Sentimental value Jacob estimates the house in Kentucky is worth between $200,000 and $220,000. Selling this house could not only fund Jacob’s tractor, it could also significantly lower the ...
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