Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Diminished_value> ?p ?o. }
Showing items 1 to 26 of
26
with 100 items per page.
- Diminished_value abstract "Diminished Value:Diminished Value, Diminution in Value, or commonly referred to as “DV” are the terms generally used to describe the economic loss in a property's value as a result of having been damaged. Diminished Value (DV) is often associated with vehicles that have been damaged however is applicable to other property of value including collectibles such as jewelry, artwork etc. For the purposes herein, reference will involve the loss in value of a damaged automobile whereas the term is often applied.Unlike "depreciation", which is an anticipated and predictable loss in value over time, ‘Inherent Diminished Value’ is a loss in value due to a specific, sudden and unexpected negative occurrence. Such an occurrence may include but not be limited to an impact or upset with another object, fire, flood, vandalism and/or result from loss of life (accidental or suicide). The loss (diminution) in value occurs instantaneously at the time of the loss. Through corrective repairs and/or reconditioning, a portion of the loss in value may be restored dependent upon the severity and type/nature of damage and the quality and thoroughness of performed repair(s); the extent of which must be determined by a recognized Diminished Value assessment Expert. The remaining difference between the property's original pre-loss value and the restored value is considered the "Inherent" loss related Diminished Value.The true measure of a damaged vehicle's inherent loss in value can be measured as the difference in the value of the vehicle before the loss to that after the loss, prior to or after repair.While some may claim Diminished Value (DV) is subjective and based upon perception or speculation, the old adage "perception becomes reality' applies and as such Diminution in Value is real simply because, for the most part, no reasonable and prudent person is willing to pay the same price for a vehicle with a history of damages as they would for one never having been damaged. Retailers often offer discounts for scratches and dents on appliances, electronics and dented canned goods; it is therefore reasonable that the value of a damaged motor vehicle will suffer a lessening in value.Additional factors may be taken into consideration in evaluating the loss in value of a damaged and repaired vehicle and may include, but not be limited to: the vehicle itself (i.e. rare collectible, originality, market desirability etc.), the vehicle’s pre-loss condition, severity of the sustained damages (i.e. frame damage, flood, fire etc.), the subject vehicle’s history (i.e. one owner, prior damage/repair, death of occupants etc.), quality and thoroughness of the performed repairs, (i.e. quality of parts, materials, workmanship etc.) additional value considerations including, but not limited to values associated with pre-owned certification programs.etc.Auto insurance companies may not readily recognize or offer to pay for diminished value. Each state may have differing opinions of DV. Example; The state of Georgia allows the insured party (the first-Party Policy holder) to make a claim for their remaining economic loss for DV from their own insurance company while the neighboring state of Florida does not. Most all states however allow the victim of another's negligence (third-party) to make a DV claim from the at-fault party.The length of time to collect Diminished Value will depend upon each state's Statue of Limitations for first party (contractual) claims and third-party (restatement of tort) claims.".
- Diminished_value wikiPageExternalLink part11.
- Diminished_value wikiPageID "25177307".
- Diminished_value wikiPageRevisionID "605161405".
- Diminished_value hasPhotoCollection Diminished_value.
- Diminished_value subject Category:Accidents.
- Diminished_value subject Category:Insurance.
- Diminished_value subject Category:Transport_economics.
- Diminished_value type Abstraction100002137.
- Diminished_value type Accident107301336.
- Diminished_value type Accidents.
- Diminished_value type Event100029378.
- Diminished_value type Happening107283608.
- Diminished_value type Misfortune107304852.
- Diminished_value type Mishap107314427.
- Diminished_value type PsychologicalFeature100023100.
- Diminished_value type Trouble107289014.
- Diminished_value type YagoPermanentlyLocatedEntity.
- Diminished_value comment "Diminished Value:Diminished Value, Diminution in Value, or commonly referred to as “DV” are the terms generally used to describe the economic loss in a property's value as a result of having been damaged. Diminished Value (DV) is often associated with vehicles that have been damaged however is applicable to other property of value including collectibles such as jewelry, artwork etc.".
- Diminished_value label "Diminished value".
- Diminished_value sameAs m.09gqm8k.
- Diminished_value sameAs Q5277376.
- Diminished_value sameAs Q5277376.
- Diminished_value sameAs Diminished_value.
- Diminished_value wasDerivedFrom Diminished_value?oldid=605161405.
- Diminished_value isPrimaryTopicOf Diminished_value.