[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.kregerbrodish.com\/blog\/do-you-have-a-north-carolina-diminished-value-claim\/#BlogPosting","mainEntityOfPage":"https:\/\/www.kregerbrodish.com\/blog\/do-you-have-a-north-carolina-diminished-value-claim\/","headline":"Do You Have A North Carolina Diminished Value Claim?","name":"Do You Have A North Carolina Diminished Value Claim?","description":"If you would like to talk to our Durham Personal Injury Attorneys or Greensboro Personal Injury Attorneys you can contact us by email at info@kregerbrodish.com, phone at (888) 820 \u2013 5885 or by completing the Free Consultation Form to the...","datePublished":"2011-02-23","dateModified":"2025-02-24","author":{"@type":"Person","@id":"https:\/\/www.kregerbrodish.com\/blog\/author\/ben\/#Person","name":"Ben Brodish","url":"https:\/\/www.kregerbrodish.com\/blog\/author\/ben\/","identifier":38,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/f221a297abf6cbe2df0bc8a28b63c07d0af2345f318c21b1e8cc223e420692e1?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f221a297abf6cbe2df0bc8a28b63c07d0af2345f318c21b1e8cc223e420692e1?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Kreger Brodish LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.kregerbrodish.com\/wp-content\/uploads\/2021\/10\/Kreger-Brodish-LLP-Logo.png","url":"https:\/\/www.kregerbrodish.com\/wp-content\/uploads\/2021\/10\/Kreger-Brodish-LLP-Logo.png","width":417,"height":225}},"image":{"@type":"ImageObject","@id":"https:\/\/www.kregerbrodish.com\/wp-content\/uploads\/2021\/12\/Attorney-team.png","url":"https:\/\/www.kregerbrodish.com\/wp-content\/uploads\/2021\/12\/Attorney-team.png","width":774,"height":373},"url":"https:\/\/www.kregerbrodish.com\/blog\/do-you-have-a-north-carolina-diminished-value-claim\/","about":["Personal Injury Law"],"wordCount":1047,"keywords":["diminished value claim","diminished value claim attorneys","north carolina diminished value claim"],"articleBody":"If you would like to talk to our Durham Personal Injury Attorneys or Greensboro Personal Injury Attorneys you can contact us by email at info@kregerbrodish.com, phone at (888) 820 \u2013 5885 or by completing the Free Consultation Form to the right of this page.Today\u2019s post is going to cover claims for the\u00a0diminished value of your car after an auto accident.\u00a0Many people who are unfamiliar with diminished value claims do not know that after your car has been repaired you are still entitled to compensation.\u00a0This blog post will discuss a little bit about what compensation you are entitled to and why you are entitled to that compensation. If your car has been damaged in an accident in the past 3 years and you have not been compensated for your \u201cDiminished Value\u201d, \u201cDiminution of Value\u201d, Diminishment of Value\u201d, etc., feel free to call our Durham Personal Injury Lawyers or Greensboro Personal Injury Lawyers if you would like a free evaluation of your case or if you would like our assistance with your case.The fact that your vehicle has been involved in an auto accident and has suffered damages diminishes the value of your vehicle.\u00a0Even if the damages to your vehicle have been superbly repaired, and the damages were minimal, the value of your car has still diminished and you are entitled to compensation.\u00a0The person who caused the damage to your car (or his or her insurance company) is also responsible for paying you for the\u00a0diminishment of value.\u00a0If you would like to discuss whether or not your vehicle has lost value due to an accident, our Durham Personal Injury Attorneys and Greensboro Personal Injury Attorneys offer free consultations for Diminished Value claims.Some people who have not bought and sold a lot of cars have a hard time understanding why your car has diminished in value just because of an auto accident (especially if the repairs make your car look just like it did before the accident).\u00a0Services such as Carfax.com, Autocheck.com, CarProof.com, VinCheck (from\u00a0www.nicb.org) and other similar reporting services make sure that anyone who is going to purchase your vehicle will be well aware of the accident history of your vehicle.\u00a0In addition, as you can imagine, a buyer of your car will pay less for your car with accident history then he or she would pay for your car without accident history (or for a comparable car without accident history). Your car has diminished in value after an auto accident because the average car buyer prefers a car without accident history, and is willing to pay more for a car without accident history.\u00a0As a result, the value of your diminished value claim is the difference between what an average buyer would pay for your car with accident history and what an average buyer would pay for your car without accident history.\u00a0The best way to arrive at this value is to hire an auto appraiser, but you can also estimate this value based on quotes from dealers and buy shopping around online to find comparable vehicles with and without accident history.\u00a0If you would like additional information about the law as it relates to Diminished Value claims please contact one of our\u00a0Durham Personal Injury Lawyers\u00a0or\u00a0Greensboro Personal Injury Lawyers.Once you have established that your vehicle has suffered a loss in value and you are entitled to compensation, the next question is how you collect on your Diminishment of Value claim.\u00a0 Well, the first step is establishing how much value your car has lost. Our recommendation is to not rely on the insurance company\u2019s assessment of the value of your claim.\u00a0The insurance company\u2019s value is often based on a percentage of the repair estimate, and is not the proper method to determine the value of your claim.\u00a0 To determine the value of your claim you need to find out what the fair market value for your car is without accident history and what the fair market value is with the accident history.\u00a0In our opinion, the best method to determine this difference is either (a) hire a vehicle appraiser or (b) obtain auto dealer quotes.\u00a0We believe these two methods are the most credible because in both instances you are receiving the opinion of a professional in the auto industry that deals with setting values on vehicles.\u00a0Many factors can affect the value of your vehicle, and the value of your Diminished Value claim, including: the quality of the repair, the type of parts used on the vehicle (new, used or aftermarket), the location and severity of damage (front end damage is generally worse than rear end damage), the cost of the repair, etc.\u00a0If you are trying to place a value on your Diminished Value claim, our\u00a0Durham Personal Injury Attorneys\u00a0and\u00a0Greensboro Personal Injury Attorneys\u00a0can help you value your case and put you in touch with reputable auto appraisers.After you have documented the value of your claim, the next step is to present the value of your claim and the documentation of the value of your claim to the insurance adjuster (or the person who caused your damage if there is no insurance company involved).\u00a0After you present your case it is time to negotiate a settlement.\u00a0If you are unable to reach an agreement with the person who caused your damage and\/or his or her insurance company, then it is time to hire an attorney and file a law suit. If you have reached an impasse and you are ready to file a law suit, our\u00a0Durham Personal Injury Lawyers\u00a0and\u00a0Greensboro Personal Injury Lawyers\u00a0are available to handle your law suit.Again, if you own your vehicle and have been involved in an auto accident in the past 3 years, your vehicle\u2019s value has diminished and you are entitled to compensation.\u00a0This is true whether your vehicle is new or 25 years old, and whether your vehicle has never been in an accident or if this is your vehicles 3rd\u00a0accident.\u00a0If you have any questions about your Diminished Value\/Diminution of Value\/Diminishment of Value\/etc. claim, our\u00a0Durham Personal Injury Lawyers\u00a0and\u00a0Greensboro Personal Injury Lawyers\u00a0are available to assist you."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.kregerbrodish.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Do You Have A North Carolina Diminished Value Claim?","item":"https:\/\/www.kregerbrodish.com\/blog\/do-you-have-a-north-carolina-diminished-value-claim\/#breadcrumbitem"}]}]