Re: Diminished value

[Dave Head <dhead@sundial.net>]

At 05:33 PM 4/18/97 -0500, you wrote:
>At 12:09 PM 4/18/97 -0400, you wrote:
>>For our lister fighting with the insurance company - check your state laws
>>for 'diminished value'. You obviously have a claim...
>
>If you would be so kind, please explain the term "diminished value".(?)
>


Following an accident, the value of the car is diminished - more so if it is
rare or collectable - as I would consider any '91 200q to be (especially
following substandard repairs...). This lost of value due to an accident can
be claimed seperately from actual repairs. Contact your state insurance
board to see if your state has such a law (Florida does, as does many).
There are now companies that will estimate the diminished value so it can be
claimed. You will not hear of this from any insurance agent!

********************************AUDI FAN***********************************
                                   EMCM(SW) Dave Head  
87 5KCStq 190K miles                1.7 bar - soon to be much higher... 
    qcusa #3442                 Maitland, Florida   
******************************************************************************