In an automobile accident claim diminution in value refers to the loss in value of your vehicle due to it being involved in an accident. If a car is not considered a total loss (totaled) and can be repaired, even if it is repaired the value of the car may not be what it was immediately prior to the accident.
This has become far more prevalent with online reporting agencies which makes it easy to search the history of a vehicle. A diminution in value claim can be made against a liability carrier which is responsible for the damages caused by its insured. It is usually necessary and wise to employ the services of an expert in car values to make sure you get all the money you deserve. If you feel you have suffered a loss in the value of your vehicle be sure to seek help. Call Anderson & Lopez and get Local, Personal Representation at (719) 471-1818.