QUESTION
Can I sue for diminished value of a vehicle?
Asked on Dec 09th, 2014 on Automobile Accidents - Virginia
More details to this question:
My car was hit while parked and had significant damage. It only had 13k miles and was in show room condition before the accident. Can I demand compensation beyond insurance value since the accident diminished its value?
1 ANSWER
Insurance & Worker's Compensation Attorney serving Towson, MD
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Saltzberg & Schloss
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If you were paid the value of repairing the vehicle, then you would be entitled to make a diminished value claim so long as you can prove a diminished value has occurred as a result of the damage. I suggest that you have a vehicle appraiser determine if a diminished value has occurred. Good luck with this matter.
Answered on Dec 09th, 2014 at 12:32 PM