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  2. How to file a diminished value claim - AOL

    www.aol.com/finance/file-diminished-value-claim...

    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 ...

  3. Louisiana car insurance laws - AOL

    www.aol.com/finance/louisiana-car-insurance-laws...

    Louisiana car insurance laws require minimum liability coverage with 15/30/25 policy limits. This means drivers must carry: This means drivers must carry: $15,000 in bodily injury liability per person

  4. Diminution in value - Wikipedia

    en.wikipedia.org/wiki/Diminution_in_value

    After car accidents, the right to claim diminution in value depends on the country or state [2] and who is at fault. [3]Major car rental companies do charge their renters for diminished value after accidents, unless the renter pays for a Damage waiver (Avis, [4] Budget, [5] National, [6] Thrifty [7]).

  5. Diminished value - Wikipedia

    en.wikipedia.org/wiki/Diminished_value

    Diminished value can be defined as the difference in the market value of the vehicle before the accident and after the accident when the repairs were completed. Almost always even if the repair was of highest quality, the value of the automobile will still be considerably less than before the accident.

  6. Vehicle insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance_in_the...

    Bodily injury liability coverage is also usually split into a maximum payment per person and a maximum payment per accident. The limits are often expressed separated by slashes in the following form: "bodily injury per person"/"bodily injury per accident"/"property damage". For example, California requires this minimum coverage: [5]

  7. Driving without insurance in Louisiana: What you need to know

    www.aol.com/finance/driving-without-insurance...

    Additionally, Louisiana’s “No Pay, No Play” law dictates that uninsured drivers cannot collect the first $25,000 of property damages and $15,000 of personal injury damages in accidents ...

  8. Total loss - Wikipedia

    en.wikipedia.org/wiki/Total_loss

    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 ...

  9. What is the actual cash value of my car? - AOL

    www.aol.com/finance/actual-cash-value-car...

    Trade-in value: This is the value of your car after trading it in to a dealer for another car. Trade-in value is calculated after the dealer assesses your vehicle’s condition and factors in what ...

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