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Total Loss Network / Glossary
Diminished value
A reduction in a vehicle’s market value associated with damage and repair history. Recoverability is a separate question from whether a market difference exists.
Why the term matters
Determine whether the vehicle is repairable or a total loss. Keep repair-quality issues, repair bills and post-repair market effects separate in your evidence.
A question to ask
“Where does this term appear in my report or policy, and how does it affect this specific calculation or next step?” Ask for a written explanation tied to the document.
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