What is Diminished Value?

Diminished Value in California

The accident history of a car involved in a collision significantly decreases its value and often presents safety issues.

This decreased value is called “Diminished Value,” and occurs because most people won’t buy a vehicle that has been in an accident without a significant price discount. Diminished Value is the difference between the market value of a car prior to a collision and its reduced value following an accident and subsequent repair.

DimValLaw.com can provide the direction and expertise you need when facing a Diminished value or loss of use case in California.

Diminished Value Attorneys in California

Professional Advice

Our dedicated team of attorneys will represent you through the claim process, and offer you our expert guidance throughout.

Claim Filing

We will help you file the claim, and get the you the value back on your car after your accident.

Recovery Specialists

Whether you need to approach your insurance company or another, we will get you the money you deserve.

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Our Diminished Value Attorneys Can Help

How is Diminished Value Calculated?

While the ending value of a diminished value claim is based on the negotiations of your diminished value attorney, there are some things that can preemptively help you calculate the money you may be losing. If a vehicle has lost value due to an accident the owner is entitled two things:

  1. The difference between its value before the accident and its lesser value after repairs.
  2. The reasonable cost of repairs.

Keeping both these aspects in mind will help us negotiate the most value possible for your claim. The last thing to remember is that the total amount recovered cannot exceed the vehicle’s value before the accident occurred.

Get a Free Diminished Value Claim Evaluation

The diminished value attorneys at DimValLaw.com are here to help you. If you are a driver in California with a diminished value claim Russell S. Kerr and Jeffrey S. Sheldon have you covered. Don’t let insurance companies take advantage of you. Get the compensation you deserve.

Diminished Value Claim - Charlotte's Porsche

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