My Vehicle Has Been Repaired, But Now It Isn’t Worth As Much! Is There Anything I Can Do?

If your vehicle has been repaired after an accident but has lost value as a result, you may be entitled to claim diminished value compensation. Diminished value is the reduction in a vehicle’s market value occurring even after it has been fully repaired, primarily because it has a history of significant damage. To pursue a claim for diminished value, you’ll need to demonstrate the difference in your vehicle’s market value before the accident and after the repairs have been made. This often involves obtaining a professional appraisal or similar documentation. Legal experts like Paul Knopf Bigger Trial Lawyers can guide you through the process of filing a diminished value claim, negotiating with insurance companies, and ensuring that you receive fair compensation for the loss in your vehicle’s value.

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