Posts tagged "Diminished Value Claim"

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“Can I Pursue A Diminished Value Claim?”

April 5th, 2017 Posted by Auto Accidents 0 comments on ““Can I Pursue A Diminished Value Claim?””

If you are involved in a car accident, the vehicle that’s involved can incur lasting harm in the way of a diminution in value. If Vehicle A is damaged and repaired to a pre-loss condition, it is still inherently worth less than Vehicle B, of the same exact make/model/mileage/features, but having never been in a collision. The difference between the worth of Vehicle B and Vehicle A is Vehicle A’s “diminished value”.

Pursuit of a diminished value claim is often left with a message akin to “sue us”. With that in mind, as well as noting that there is an upfront cost to submit a diminished value claim, a cost/benefit analysis is always the first step to deciding whether or not to pursue a diminished value claim. (more…)

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