Minor Damage = Less Value

When small damage becomes a real loss of value on your vehicle... When you go to sell or trade a car that has had damage paid for by insurance you will see a reduction in what the dealer is willing to pay. The same vehicle that has not had a loss will receive a higher payout. Does your insurance policy cover this "Diminished Value"? Diminished Value will pay you this loss of value. But you may have to ask for it. Most auto insurance policies will automatically include this coverage. Beware that some cut rate agents or carries may quote you a lower premium by removing this coverage. Your claim carrier may also fail to give you this even if its owed. Be sure to ask your adjuster once your vehicle is repaired.