diminished value
Have any of you been involved in an accident with your RV where diminished value was a consideration? I would like to hear or learn more about this and how it is determined.
Forum Discussion
22 Replies
- Hummmm. So is it based on a formula, cost of repairs, type of damage, is it a set percentage, negotiated; or B all of the above? Is it uncommon? Not looking for legal advice just basic knowledge of the subject as it pertains to RVs.
- diminished value refers to the value of a vehicle after it has been in an accident and repaired.Based on the fact that a vehicle that has been in an accident is now worth less than an identicle vehicle not in an accident.
