If you’ve ever been in a car accident, you understand how costly they can be. Even after you’ve had the damage repaired, your vehicle will have a lower resale value simply because it was involved in an accident. Diminished value claims, specifically, can help compensate for the loss in market value after an accident. Typically, one driver will be considered at fault for causing an accident. In Minnesota, the not-at-fault driver can file a diminished value claim with the at-fault driver’s insurance company within 6 years of the accident. The “diminished value” represents a percentage of the vehicle’s value. Although the claim may not fully make up for the lost value, it can alleviate some of the financial burdens the not-at-fault driver experienced after an accident. It’s important to note that you can only file a diminished value claim against the insurance of an at-fault driver; if the at-fault driver is uninsured or underinsured, it may be nearly impossible to file a claim. If you’ve been involved in an accident, the costs can add up quickly—and your car’s decreased market value can also be a significant loss. However, if you’ve been declared not at fault, a diminished value claim and high-quality repairs can help you reclaim some of the value. Whether you need an alignment after an accident or factory-scheduled maintenance, Signal Garage Auto Care is here to help.