Many people do not realize that they can recover for the diminution in value when their vehicle is significantly damaged in a car accident. The law allows a party to recover the difference in the value of the vehicle just before the accident and the value of the vehicle as a result of substantial repairs.

Everyone knows that a vehicle loses value when it is in a significant accident. With Carfax, the fact that the vehicle was in an accident will come up in a search. Potential buyers are looking for a vehicle with a clean history.

It is best to make a claim for diminution in value where the cost of repair is significant and it is a more recent model. In order to establish the loss of value, our firm utilizes an expert witness who assesses the loss. It will cost between $250.00 and $350.00 to get the report which we advance on behalf of our clients. In many cases, it is well worth it. If you have been in an accident, consider making a diminution in value claim.