What Does Diminution of Value Mean?

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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

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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