Understanding the intricacies of a vehicle’s worth following an accident can often feel like unraveling a complex mystery. In this blog, we’ll discuss the key concept of auto-diminished value, an essential factor that’s frequently overlooked in post-collision scenarios. What Is Auto-Diminished Value? Auto-diminished value refers to the drop in a vehicle’s resale value post-accident, even after […]
A total loss refers to the state of a vehicle that would cost more to repair than its actual market value or a state where it is no longer safe or legal to operate, typically after a severe accident or natural disaster. Total loss is usually determined by insurance companies, but as a vehicle owner, it’s […]