Seattle, Washington (PRWEB) October 24, 2013
Being in a car crash can be a real pain, especially if the fault was someone else's. In their latest article (here) and infographic, Rate Digest outlines another possible headache: diminished value.
Diminished value happens when a car is in a wreck. According to Rate Digest, even though the car is fully repaired by the insurance company, it will not be valued the same as before the crash. After all, 42% of all repaired vehicles are unsafe to be on the road. Because most cars are weaker and less safe post-crash, most car buyers will not pay full price on them.
Thankfully, there are ways of getting around this pesky trend, explains Rate Digest's article. To make up this loss, in many cases, the insurance company that repaired the car can be held responsible for this diminished value, even if, at first, they decline to help.
For more great articles and infographics, be sure to visit Rate Digest's online resource center.
About Rate Digest
Rate Digest provides an easy to use online insurance quote comparison tool that can help car owners drastically lower their insurance costs. For all this and more, visit their website.
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