History-Based Value adjusts for damage in two ways. When pulling claims data from the Vehicle History Report (VHR), we are often able to calculate an estimate of the total monetary value of the historical damage that has occurred. That number is then used as an input into our model.
Secondly, the number of damage incidents also impacts the value of the vehicle. When we know the number of incidents, as well as the total damage amount, we are able to make the best possible adjustment for that damage.
When we only see that a damage event has occurred, but there is no monetary damage total data, our model will make an adjustment but it won't be as refined compared to if we had the full incident information.