[header] How to collect diminished value [title] Learn the vocabulary. [step] There are three types of diminished value discussed in the insurance industry. These are immediate, inherent, and repair-related diminished value. 
[substeps] Immediate diminished value is the difference between the resale value of the car immediately prior to the accident and value immediately after the accident, before repairs. This valuation is not particularly useful, because you will almost always want to repair the vehicle at the insurer's expense before selling it.