More articles by Dan Baldyga The Typical Accident Claim Evaluation Process Several Various Up-To-Date 2005 Motor Vehicle Accident Facts Several Very Important Motor Vehicle Accident Insights Your Car Accident - Dealing With Your Insurance Company on a Disputed Claim Minor Impacts and Major Injuries THE BASE: The Baldyga Auto Accident Settlement Evaluation Formula Car Accident Insurance Claims: Impact Results from 2002 Through Mid-2005 The Eyewitness To Your Motor Vehicle Accident Insurance Claim Possibilities Your Personal Injury Claim And Your Lost Time And Earnings More On Lost Wages Injury Facts Regarding A Low Speed Impact Medical Bills, Examinations And Reports Your Motor Vehicle Accident Claim: It’s Time To Settle - - Are You Ready? Negotiating Your Personal Injury Claim With The Typical Insurance Adjuster Outside Pressures On The Typical Insurance Adjuster Placing A Value On Your Personal Injury Claim Your Motor Vehicle Accident Insurance Claim: The Great Value Of Photographs Your Motor Vehicle Accident Insurance Claim: Getting Reimbursed For Your “Pain And Suffering" The "Whiplash-Type" Injury The Whiplash Injury As Of 2005

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The Actual Cash Value Policy does not insure the property itself but the VALUE of the property. When the insurance company chooses to “Repair” the damaged insured property - - such an election DOES NOT relieve that insurance company of their contractual duty to restore the Pre-Loss VALUE of the motor vehicle.

To whatever extent such repairs fail to restore that motor vehicle's Pre-Loss VALUE, should be tendered to the policyholder in cash - - failure to do so is nothing less than insurer fraud!

Items are sometimes repaired improperly or overlooked completely. Several of these typical repair related items could be: Poor quality repairs, improper welding, or flawed refinish operations.

“Diminished Value” is owed and if a vehicle has not been brought back to it’s pre-accident function, appearance, safety, and value.

THERE ARE THREE BASIC TYPES OF DIMINISHED VALUE:

#1. Inherent Diminished Value: This is the automatic and unavoidable loss of market value simply due to the fact than a motor vehicle has been involved in an accident. It's often mandatory that previous damage is made known to a prospective buyer.

#2. Insurance Related Diminished Value: This comes to pass due to oversights or omissions by the insurance company on their appraisal. And also, because of the use of “Imitation Replacement” parts.

#3. Repair Related Diminished Value: This is the amount which the motor vehicle was depreciated due to improper or incomplete repairs, poor quality repairs, or un-repaired items that were compensated for within the insurance appraisal.

Auto repair shops (even the most advanced) do not have access to the type of equipment. Because of this it’s impossible for them to afford such technology that a manufacturer can.

And (that being an absolutely provable case) you’re not going to be returned your motor vehicle in the perfect value it was when it came off the assembly line!

It’s a fact of life that should a potential buyer discover the motor vehicle one is about to buy has been in an accident that it’s going to be worth less money. Almost every damaged motor vehicle will have some possible inherent “Diminished Value” which can evolve into an actual loss to the consumer.

PLUS THERE ARE OTHER “REPAIR PROBLEMS”: The following are 4 of the most potential of them bubbling and boiling - - just under the surface:

#1. Most consumers don’t know what kind of parts they’re getting. They (incorrectly) assume their motor vehicle will be restored to its pre-crash condition.

#2. Too often the “Imitation Parts” don’t match the car’s contours leaving an impossible mess to correct.

#3. When it comes to fenders there are “Fit Problems”. Some require widening the holes or using shims. Many don’t match the contour of the car and require significant reworking..

#4. Replacement bumpers (more often than not) need to be re-drilled or widened leaving large gaps or uneven surfaces.

By:  Dan Baldyga   Email: dbpaw@comcast.net. Copyright (c) 2005 By Daniel G. Baldyga. All Rights Reserved. Reprinted with permission. Dan Baldyga’s third and latest book, AUTO ACCIDENT PERSONAL INJURY INSURANCE CLAIM (How To Evaluate And Settle Your Loss) can be found on the internet at http://www.caraccidentclaims.com OR http://www.autoaccidentcaims.com. This book reveals “How To” successfully handle your motor vehicle accident claim so you won’t be taken advantage of. It also goes into detail regarding the revolutionary BASE (The Baldyga Auto Accident Settlement Evaluation Formula). THE BASE FORMULA explains how to determine the value of the “Pain and Suffering” you endured - - because of your personal injury!

DISCLAIMER: This article, YOUR MOTOR VEHICLE'S AFTER-IMPACT DIMINISHED VALUE, is intended for background information only. Neither Dan Baldyga, Mary Martin nor EXPERTPAGES.COM and/or FREEADVICE.COM make any kind of guarantee of any kind whatsoever; NOR purport to engage in rendering any professional or legal service, substitute for a lawyer, an insurance adjuster, claims adjuster, or the like. Wherever such professional help is desired it is THE INDIVIDUAL'S RESPONSIBILITY to obtain it.