In the State of Texas, you may claim diminished value if generally:
- Your car is within 2 to 3 years old.
- You have a luxury car within 4 years old.
- Your property damage exceeds $2500.00
What you will need to present a Diminished Value Claim.
- An inspection report by an expert who details and grades the repair work completed on the car.
- An analysis of comparable cars in your area and their respective selling price.
What is Diminished Value:
The measure by which the resale price of your vehicle has been reduced because of accident or collision.