You’ve had a frustrating vehicle accident that rendered your car in need of major repair. We’ve all been there, and suffered the irritation that comes with dealing with the insurance company afterward, followed by the headache of getting the repair work done to your car. However, many drivers don’t realize that having an accident has a significant impact on their vehicle’s resale value, despite being fully repaired.
In fact, only 1/3 of American consumers will buy a car that has previously been in an accident. This inevitable loss after an accident is referred to as “diminished value.” In Houston, most car dealerships will use various online tools to negotiate with their potential customers, making a vehicle’s history available to anyone who wants to see it. With this in mind, it can be assumed that auto body repair will not be able to provide you with a full compensation. Fortunately, you have the chance to recoup potentially thousands of dollars from your insurance company by making a diminished value claim in Houston.