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DIMINISHED VALUE CLAIMS

If your vehicle was damaged in a motor vehicle collision, the value of your vehicle is likely to have been reduced. No matter how well your vehicle was repaired, a car or a truck with an accident history will be worth less than one that has not been involved in a collision.

You are entitled to be compensated for the diminished value of your vehicle. Diminished value is the difference between what your vehicle was worth prior to the collision and what it is worth after being repaired. For a successful claim, you'll need an appraisal of the car's value both before the accident and after the repairs have been made.

A diminished value claim may exist in addition to a property damage claim and a bodily injury claim.

However, some insurers may maintain that there is no such thing as diminished value, or offer a token amount calculated by an industry formula.

CALL US FOR A FREE CONSULTATION

If you or a loved one was involved in a motor vehicle accident, please contact us for a free consultation so we can put our resources to work for you. There are no up-front fees and you pay for our services only if we recover compensation for you.

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