Diminished Value

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Diminished Car Value

Cars Lose Value after Accidents

Even after repairs, this car’s value is significantly less If your vehicle was involved in an accident, the value of the vehicle decreases even after it is repaired. Diminished value is the difference between the unwrecked value and the value after it is repaired due to an accident. The loss of value is almost always recoverable, but it is rarely paid by insurance companies.

After the repairs, the wrecked car is worth less because it is “damaged goods” but Virginia recognizes claims for diminished value. Many insurance companies pay for the repairs, but discourage or even deny diminished value payments. The Paullin Law Firm has helped car owners recover the value from the insurance companies.

i-diminishedvalueFrame or Unibody Damage

If a car has frame or unibody damage, the diminished value is even greater. This is because frame damage is recognized in the used auto industry as very serious damage, which is sometimes never fully corrected. If your car is damaged, and especially if the frame or unibody is damaged, you are likely entitled to payment for the diminished value of your car!

We will aggressively fight for the recovery of your vehicle’s diminished value. Contact Paullin Law Firm today.

Review a Sample of Results from Diminution Cases in Virginia