You Might Have a Diminished Value Claim and Not Know it!

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If your car has been in a wreck and it was not your fault, there are two things that are true:

  1. You have a diminished value claim.
  2. You likely don’t know it. 

When your car has to be repaired, it doesn’t stop there. We know the for-profit insurance company isn’t going to tell you out of the goodness of their heart that you also have diminished value, but you do.

What is a Diminished Value Claim?

Once your car has been in a wreck, it will never be worth what it was prior to that accident. Would you want to buy a vehicle that you know has been in an accident? 

Probably not. 

The fact that it’s been an accident is evident in all the things and services they have today, like Carfax, which reports whether or not the car has been repainted or an insurance claim has been made. When you go take your car into the dealership later, they’re expertly trained on how to tell if a car has been repaired by feeling around the edges of the hood or the fenders for any overspray, indicating that your car has been repainted.

Likewise, they can look at the gaps between the fender and the hood and other places on the car that are no longer uniform. As a result of all this, when you go to sell your car in the future, it can be worth hundreds or even thousands of dollars less. It’s not your fault that the car was in an accident, and it’s not fair that now your car is worth less than it was even after repairs are made.

A Diminished Value Claim is a claim that can be made for the difference between what your vehicle was worth prior to the accident and what the vehicle is worth after repairs are made.

If your car is going to be totaled, you don’t have a diminished value claim. We suggest you watch our video on how to maximize your property damage.

If your car has to be repaired, make no mistake about it, you do have a diminished value claim, and you should ask the insurance adjuster about it. You have up to two years from the date of the accident to make the diminished value claim. 

How Much to Expect from a Diminished Value Claim

There are factors that are considered when it comes to the size of a diminished value claim, like the make and model, the age of the vehicle, or the mileage on the vehicle.

For instance, if your car is more than about 6 to 8 years old or it has very high mileage, there may not be much of a diminished value claim to make, but we know that every dollar counts. 

On the other hand, if you have a vehicle that is notorious for having great resale value, like a Lexus or Mercedes, maybe even a Honda, then the age and mileage of your vehicle may not matter as much. You should always make a diminished value claim for antique cars, classic cars, any type of limited edition sports car, or any car that is extremely low mileage for its age.

How to Make a Diminished Value Claim

Now, you might be asking, how do you make a diminished value claim? Well, first of all, you will need an expert. We have a network of experts that we work with that provide us an appraisal report for the value of a vehicle before and after repairs have been made. We take that appraisal report and attach it to a detailed demand letter that we send to the at-fault insurance company. After they make us an offer, of course, we negotiate it up from there to get you top dollar for your DV claim. 

How is Carrollton Injury Law different?

At Carrollton Injury Law, we put Personal back into Personal Injury Law. Our ultimate goal is to give you the personal attention you need to help make sure that you have a speedy recovery and obtain the absolute best compensation possible.

If you or a loved one has suffered an injury as a result of an accident, please call or text Carrollton Injury Law today at 972-360-9898 for a FREE injury claim evaluation. We look forward to showing you how we put Personal back into Personal Injury Law.

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Jami Smith
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Carrollton Law Firm rocks! They took the time and care to make sure that I received the medical attention needed for the vehicle accident I was in. Everyone team member I interacted with was sincere and courteous and really cared about making sure that I received everything I needed to recover fully. Carrollton Law Firm went to bat for me and hit it out of the park! I will not hesitate to call them if I ever need a personal injury law firm again. The entire team went above and beyond and EXCEEDED my expectations. Thank you!
carrie lachance
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Wonderful experience from the moment of walking in, they make you feel so welcomed. The little details of even putting your name on the whiteboard welcoming you. All along the way they keep you informed on the progress, asking detailed questions to get the full picture of your individual needs. The team you're assigned, all work together to make a stressful and scary situation easy to deal with. Kelsey, Aaron and Abraham ate the best!! Thank you again 💓.
Gabby Jaramillo
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Amazing staff. They were able to help my dad with his case and were patient with him. I appreciate how easy it was to communicate by text when I was at work, and always kept me updated with his case. I definitely recommend Hudson Law Firm!!
Mike Youssef
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Extremely happy with my results, the Hudson Law firm did their thing, Ethan made sure he kept me up to date with my case did everything in his power to make sure you get what you deserve and specially making sure you get the help you need with doctors appointment and pain management. 10/10 if you been injured don’t Hesitate to use them extremely happy keep up the good work.
Jana Starks
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I had an awesome experience with Hudson law firm. Everyone at the office is so nice and treated me with respect and concern from day 1. They make you feel welcomed when you go into the office. In the end they were able to get me a check even though I still have a journey ahead they were able to help compensate me for some of my pain and suffering.
Peggy Lawrence
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Very great and understanding people . My whole experience was wonderful .
Jacob Alexander
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They made a bad situation great. I would definitely recommend them to anyone that was involved in a car accident.
Alan Gonzales
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This firm I have absolutely nothing negative to say. They did a great job getting what needed to get done and some! I highly recommend with no hesitation
porscha smith
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The whole team was very helpful. They took very good care of me and got me the money I deserve..thank you again for everything
Elijah Mumphery
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They answer whenever i call and they will fight to get you as much as possible their is a call center for after hours, plus they answered all of my questions the hold time is always short I would highly recommend Carrollton Injury Law to anybody.
Lisa Umbarger
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No one wants to deal with the aftermath of an accident, but if you do find yourself in that situation, these folks make the experience so much easier. I felt comfortable with them from my very first meeting. They even had a welcome message for me in their lobby. They are great people to work with and I am happy with the outcome.
Mohammed Merchant
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A law firm like such is hard to find, one that cares for their clients with such passion. I worked with them for almost 2 years. He has always been friendly, professional, helpful, and over all amazing. He was patient with my silly questions. He is beyond paralegal. I will certainly recommend this firm to others,