Just like a vehicle diminishes in value each year, a vehicle diminishes in value after an accident. Even if the vehicle was repaired to factory standards, there is still a loss in value. This loss is incurred whether you attempt to sell the vehicle or not. If your vehicle was damaged in an accident, you may have a diminished value claim.
There are several factors that go into determining the amount of your diminished value claim including but not limited to: if the vehicle had prior damage, a clean title, the make, the model, the mileage, the year of the vehicle, the repairs, demand for production, etc.
It is unlikely that the insurance company for the at-fault- driver will tell you if you have a diminished value claim. Yet alone offer a fair amount. Insurance companies make money from paying you as little as possible. This is why it is important to contact an
experienced diminished value attorney following a car accident.
If you have been involved in an accident, contact Kester Law Group. We are here and ready to help. Call us!