Car Accident Claims: Fight for Diminished Value

While much of the attention is spent on injury compensation and recovering repair costs after a car accident, there is one claim that get overlooked: diminished value on your vehicle.
We live in the information age, where people can find out just about everything; and that includes historical information about your vehicle. Consumers now have the right to find out if a vehicle they are going to buy has been in an accident. If so, a savvy or particular buyer will pass on your car. 
When you car is damaged in an accident, the future sale or trade-in value will be lower, and often very significantly. If you were in a car accident and you were not at fault, don’t you think you should be compensated for this future loss? Diminished value claims are a bit overlooked, not the least of which is because it’s not something insurance companies are exactly excited about publicizing.
While you may realize the diminished value in your vehicle is significant, it may be even higher than you realize. Some car accident law firms say you could easily lose a third of the value in your vehicle. If you have a $15,000 - which is pretty average by today’s standards - you may be out $5,000 if you don’t pursue this with the other driver’s insurance company!
While there may be ways to pursue what you are rightly owed from diminished value on your car, it may behoove you to consult a car accident attorney, especially if there were injuries involved.