Diminution is the loss in value of a motor vehicle after it has been involved in a road traffic accident.
This loss is down the fact that a vehicle inherits an accident history and applies even where repairs have been carried out to a high standard.
Two identical vehicles are offered for sale. One has been previously damaged in a motor accident and then repaired. The other has not.
A purchaser would not pay the same price for an accident damaged vehicle and would expect a price reduction before being induced in to purchasing the accident damaged vehicle.
It is this reduction in price that we will claim back.