Diminished value refers to the loss of value that occurs when a vehicle has been involved in an accident. Think about it…would you want to buy a car if you knew it had been wrecked? Of course you wouldn't and neither would most people. That’s why even a properly repaired vehicle can lose 30% or more of its trade-in value.
The use of VIN history services such as CARFAX® provide transparency into a vehicle’s history and often results in diminished value when there is evidence of a previous accident. And although auto insurance will pay to repair a vehicle, auto insurance will not protect the value of the vehicle. That’s where ValueShield® steps in…
