What is a Diminished Value Claim?
Serge Semirog
When your vehicle sustains damages in an accident, it inevitably looses its market value. It may look the same. It may drive the same. And, if the repairs are done correctly, no one should be able to tell that it was even in a collision in the first place. BUT, THE CAR HAS STILL LOST $.
Anyone can request a disclosure of accident history or use reporting agencies such as CarFax to determine the car's accident history.
Moreover, when asked by a potential buyer about the accident history of your vehicle, concealing such would be an actionable and material misrepresentation.
“North Carolina is committed to the general rule that the measure of damages for injury to personal property is the difference between the market value of the damaged property immediately before and after the accident.”
The bottom line, the insurance company owes you compensation since you will not be able to sell your car for the same amount as you could before the accident.
Not surprisingly, an insurance adjuster would NEVER volunteer this information to you or offer a diminished value compensation. Even more striking, an adjuster would frequently and unreasonably affirm that your vehicle has not lost any value, despite the extensive damage to it.
YOU ARE ENTITLED TO RECOVER YOUR VEHICLE'S LOST VALUE!
CALL US TODAY (704) 759-6110.
WE ONLY GET PAID IF WE RECOVER DIMINISHED VALUE COMPENSATION FOR YOU!
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