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Diminished Value as Part of Your Property Damage Claim

Published on Dec 5, 2009 at 2:49 pm in General Blogs.

Auto accident claims nearly always involve property damage repair or reimbursment. What many don’t know is that, depending on the severity of the damage done, the accident may result in a diminished value of the vehicle at resale. The laws of diminished value are everychanging, but the attorneys at Belsky, Weinberg and Horowitz have fought for our clients’ entitlement to reimbursement for diminished value of their repaired motor vehicle.This is a legitimate but not oft fought for aspect of property damage. If you believe your vehicle’s value is diminished by virtue of a collision, our first advice is not to accept any payment for property repairs until the diminished value claim is preserved.

If you’ve been in an accident where your property damage and bodily injury claims are not yet settled, call us before it’s too late. We are here to help you with your case. Call usanytime to speak with one of our attorneys.

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