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Hansen Price Assisting You to Get the Diminished Value If the world was perfect, motor accidents would not be there since all people would be driving vehicles carefully. And if the accidents happen, they vehicles would be repaired and resume the initial value. Now that the world is imperfect, there are car accidents happening each day. To make things worse, the value of the car happens to reduce whenever it is involved in a car accident. The value of the car is not restored even if the vehicle has received perfect repair. The loss of value is explained by some number of factors. All in all, it should be understood that the value of the car is lost after an accident and this value is referred to as the diminished value. To understand the diminished value clearly, compare to vehicle models bought the same day, covered the same mileage and due care has been ensured. Consider that one of the vehicles have been damaged in a motor accident. The car is then taken to the auto body shop for repair which is done using the manufacturer-specified part. The owner of the car that was involved in the car crash and that of the one not involved in the accident decides to make the sale of their car the same day. Do you expect the two cars to be sold at the same price. Facts are that the car not involved in the car crash has a higher value than the one involved in the car accident. The diminished value, in this case, is the difference between the value of these two vehicles. It is critical that you understand what makes the DV of one car be higher than that of another car. To ensure that you get a higher DV, use the manufacturer specified part for the repair of your car. It is important that proper repair be done after the crash. You should not let the DV of your motor get lost. Follow the insurance company to ensure that the insurance firm settle the DV so that you can resume your former status.
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To qualify for the DV; your car ought to have been involved in a motor crash. You must also not be at fault when the car accident happens. Your car should be ten years or less. If you meet these criteria, consult a diminished value specialist to help you calculate the value of DV. Do not take your claim directly to the insurer. They will ensure that you get as little compensation as possible which will not be adequate to compensate you fully for the DV. Hansen price is a diminished value specialist that helps car owners to recover the full DV after motor accidents. Consult the Hansen price experts to assist you to get the right DV.Cars Tips for The Average Joe