- Diminished Value Protection
What is Diminished Value?
When a car is damaged in an accident and repaired, its resale value may be less than a comparable undamaged vehicle. That reduction — even after full repairs — is diminished value. LossPay covers that gap.
- How It Works
How Does Diminished Value Coverage Work?
Our coverage protects car owners from suffering a financial loss when a car is damaged in an accident and repaired — because that repair doesn’t restore full market value.