If you had a recent car wreck that required work to your damaged car, you may have missed out on a significant cash settlement from the insurance company. It’s called a diminished value claim.
This little-known and rarely-mentioned benefit is essentially cheating you out of your money by diminishing the value of your car because it has been damaged. Therefore, the insurance company owes you the difference between what your car is valued before the wreck and what it is valued after.
And, trust me, they aren’t going to mention it to you! You must ask! Be an informed consumer. Insurance is very expensive and a necessity. But remember, they are working for you. As I always like to say, “the squeaky wheel gets the grease!”