I think we need to clarify diminished value. I have a lot of experience with this, as that’s essentially my wife’s job. That term relates to how much you lost by comparison to a non wrecked vehicle. It’s not a set figure, and certainly is never near 20-30%. Insurance is to make you whole, not pay you in advance. If you keep your vehicle- in theory- you don’t have any diminished value. The conversation is only to address the hypothetical situation where you sell it and at what point in time (your diminished value is much less if figured over time).
The best answer is to have the conversation and do some calculations based on comparable you find in the area. My wife says that dealerships are actually a source of information, but ultimately it’s based on several items, including state caps and policy limits. Some areas don’t even allow it.
Summation- you should get something, but you likely won’t see more than 10-15%. She also says you might be surprised to find out they total it once they dig deeper. Most frame repair situations lead to that, including those that started without being totaled.
Opinions are the medium between knowledge and ignoranceAs a car dealer with 30 years experience and who is now calculating this kind of stuff professionally, here are the facts:
according to Plato.
according to Plato.
Unless this repaired wreck of a Jeep is sold to an unaware and/or ignorant dealer or consumer, the 20% loss in value is fact.
Repaired frame damage is somewhere around 15%.
These facts don't prevent a dealer or a consumer from looking past the reported accident history, if one of them really needs to make a deal, so it comes down to, who needs to buy or sell that Jeep more?
The Jeep is a personal asset, so whether it is sold or not, that asset has lost a lot of value.
Talk is cheap, so why not go to a few consumer web sites and put the Jeep's information in twice, as with and without a report accident and frame damage.
Everything else is only an opinion....