Diminished Value of a Vehicle

Skilled Assistance With Diminution Claims

If you were the victim of a car wreck, you may have mounting medical bills, car repair bills and other expenses from being unable to work. The Bend, Oregon, lawyers at Mario F. Riquelme & L. Todd Wilson Partners At Elliott, Riquelme & Wilson LLP, can help you get these bills paid. However, we can do even more. We assist clients throughout the area with diminution claims.

After an accident, many car owners find that having their vehicle repaired to factory specifications is not enough. Even if the repair shop does a stellar job and the car looks and runs exactly as it did before the accident, the vehicle will still have lost resale value.

Due to online services such as CARFAX, individuals seeking to purchase a used car can easily discover whether the car was ever involved in an accident. If it has been, it is nearly always worth less in the eyes of a buyer than a car that was not in a crash.

Obtaining Extra Compensation to Cover the Lost Resale Value

If you intend to keep your vehicle until it ends up in a junkyard, you have nothing to worry about. However, if you intend to sell it someday, you should make sure you receive the compensation you deserve from your insurance company to cover the diminished value.

Diminution claims are complex and call for the assistance of a skilled attorney. Most insurance companies will tell you that they don’t cover the diminished value of a vehicle. However, under certain circumstance, they do.

Our lawyers can add this damage claim to the complaint of what you are seeking from the at-fault party. Because it is a separate claim, we can also bring it independently of a personal injury case. For instance, we have successfully settled personal injury claims and then turned around and sued on the basis of the vehicle’s diminished value.

It’s not too Late — Call Us Today

The bottom line is, it’s never too late to consult us about property damage after an accident. We may be able to get you more than you believed was possible. Call Mario F. Riquelme & L. Todd Wilson Partners At Elliott, Riquelme & Wilson LLP, at 541-323-2013, or email us today.