What Does Diminution of Value Mean?
What does Diminution of Value mean? Read on to discover the definition & meaning of the term Diminution of Value - to help you better understand the language used in insurance policies.
Diminution of Value
An actual or perceived loss of an auto's resale or market value that results from a direct, accidental loss.
We hope the you have a better understanding of the meaning of Diminution of Value.
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