Recovering a vehicle's value lost after an accident
Anyone who’s tried to sell a used car knows that an accident history will cost you, even if the vehicle was repaired. Still, the insurance company typically resists taking this into account when compensating you for your claim. An accident should not mean that suddenly your vehicle is worth thousands less and you just have to accept it.
It is possible to recover compensation for the loss of your vehicle’s value. Under Arizona law, the argument is called a diminished value claim. It depends on the total value lost which can be proven by an expert report. Not all attorneys pursue these claims because they require some research and more phone calls to fight the insurance company for fair compensation.
- Accidents take value from your vehicle
- Insurance and some attorneys don’t take the time to address this value loss
- You could be legally able to recover some of your vehicle’s lost value
Kel Vrana and Chandra Farris regularly pursues these claims for their clients. The details of your accident determine if a diminished value claim makes sense for your case. You can call for a free consultation to talk to us about your accident and discuss ways to easily and effectively recover from your accident.
Schedule your free consultation by calling 480-359-6002.
More information on loss of vehicle value and diminished value claims can be found here.