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What Makes A Good Diminished Value Claim

by Andrew Tobergte on Jun. 02, 2016

Accident & Injury Car Accident Accident & Injury Accident & Injury  Property Damage 

Summary: Don't question whether or not you have a good diminished value claim; get in touch with an attorney.

What makes a good diminished value claim? Here are four things to look for in any potential claim:
1. Was the damage to your vehicle caused by another person's negligence?
2. Is your vehicle relatively new or has a high market value like a 2012 or newer car, or a collectable or rare car that was still worth at least $15,000.00 prior to the accident?
3. Did your car have no prior damage or accidents in it's history before this one?
4. Has your car has been properly maintained?
If you answered yes to all four of the above questions, there is a high likelihood you have a very good diminished value claim. Make sure you make this claim with the insurance company for the at fault driver. Also make sure you do not sell your claim short; get an appraisal of your car and make sure you get a fair settlement for your claim. As always, consulting a lawyer is recommended. These are complicated claims that are fought hard by the insurance companies.
If you do not have all of these things you still might have a good diminished value claim. You should always consult with a lawyer who can review the facts of your individual case and determine whether or not you have a claim worth pursuing. 

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