Get Your Car’s Value Loss Back After an Accident
A couple of years ago, I was rear-ended at a red light by another driver when we were on the way home from the airport at night. We had the repairs made to my van and every thing looks OK, but the fact remains that if I want to sell my van there is now an accident report attached to my vehicle and that does nothing but take down the overall value of my vehicle.
The accident was not my fault, but I have to carry the burden of lower value on my own.
Or so I thought. It turns out that you can re-coup the diminished value of your vehicle up to four years after a car accident. I’m looking at the website for Advocate Auto Claims and they offer a free diminished value estimate. Since the accident happened within the last four year, I am allowed by state law to collect on the value loss of my van.
I’d wager that’s not something most people know about.
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