North Carolina Diminished Value Claims

diminished value damaged car

A little more about North Carolina Diminished Value Claims today.

What is the legal value of your North Carolina diminished value claim?

You are entitled to the difference between (a) the fair market value of your car immediately before it was damaged minus (b) the fair market value of your car after it has been repaired. Fair market value is the amount that a willing seller and willing buyer would agree upon (not exactly a scientific measure, but you can usually come up with this number by doing a little research online for used car sales prices — the best places to get quotes are salvage yards, used car dealerships, and certain body repair shops. If you need help with obtaining a quote feel free to contact our Durham Accident Attorneys or Greensboro Accident Attorneys.

The North Carolina Insurance Company is telling me that my North Carolina diminished value claim is not worth very much because the cost of repairs is low. Is the value of my North Carolina diminished value claim calculated based on the cost of repairs to my vehicle?

The estimate of damage or cost of repairs for the damage to your automobile can be used as evidence of the value of your North Carolina diminished value claim, but it is not the only relevant evidence of the value of your North Carolina diminished value claim. The value of your claim also depends on the age of your car, the make and model of your car, the location and severity of the damage to your vehicle, the quality of the repair to your automobile, etc. If you would like to discuss the value of your claim, you can contact one of our Durham Accident Attorneys or Greensboro Accident Attorneys and setup a free appraisal. If you would rather try to handle your claim on your own, consider contact a North Carolina auto appraiser (we can provide you with a referral if you give us a call or send us an e-mail).

Our Durham Injury Attorneys and Greensboro Injury Attorneys are available to handle North Carolina Diminished Value Claims (also commonly called North Carolina Diminution of Value Claims or North Carolina Diminishment of Value Claims) for all of our personal injury clients, always at no cost to you. If you are interested in learning more about how your vehicle has suffered a loss of value due to your North Carolina auto accident, contact a Durham Accident Attorney or Greensboro Accident Attorney for a free consultation or free appraisal.