Diminished Value and Property Damage Claims
Beaverton Property Damage Lawyer
While taking a leisurely drive along the coast, you were sideswiped by a truck that came out of nowhere. Thankfully your car was not totaled, but you definitely have significant vehicle damage. In addition to any insurance claim for collision damage, you may also have a claim for the diminished value of your repaired vehicle.
Property damage claims can be tricky to handle. DO NOT SIGN any Release or other documents provided to you by an
insurance company until you have spoken with an experienced lawyer.
What is Diminished Value?
Diminished value is the reduction in value to your car or other possession as a result of property damage. If your car is significantly damaged in an accident, your diminished value is the amount of market value you have lost due to the damage and repair to your vehicle; even if fully repaired, a damaged vehicle will carry less value than one that was never damaged.
There are three types of diminished value:
- Immediate diminished value — The difference in the resale value of a vehicle immediately before being damaged and immediately after being damaged
- Inherent diminished value — Quality repairs have been made to the vehicle, but it is still worth less than its pre-accident value because it has a significant damage history
- Repair-related diminished value — Additional reduction to the value of the vehicle due to poor-quality repairs and a history of damage
Sink or Swim — Has My Vehicle Suffered a Diminished Value?
This can be a tricky question to answer. If your damaged vehicle is relatively new and you are going to have the necessary repairs made, you may be entitled to the diminishment in the vehicle’s value. However, this is only true for repaired vehicles. If your vehicle was totaled, you should receive full market value.
At the Weimar Law Offices we’ll help you navigate through the rough waters of property damage. We aid you in determining the extent of damage to your vehicle and your possible entitlement to a diminished value amount.
We’ll throw you a lifeline!
Our experienced attorney, Linda Weimar, will aggressively advocate for your best interests in a property damage claim. She has both the experience and personal commitment to assist you in obtaining the money you deserve. She will demand recovery for you by:
- Employing an appraiser to determine diminished value
- Contacting the at-fault driver’s insurance company on your behalf
- Negotiating a fair settlement
- Protecting your rights at trial, if necessary
In some cases, you may be entitled to additional monies from the person who damaged your property for attorney fees.
We also provide property damage representation in claims regarding:
- Recreational vehicles (RVs)
- Additional large property
- Animals of significant value
NO RECOVERY — NO FEES
For all property damage cases, we collect payment for attorney fees only when you receive a settlement or an award by a jury.
Free Consultations – No Recovery, No Fee
Beaverton Area: (503) 640-5000
If you’ve been injured, contact us for a free consultation.
Our firm handles personal injury and wrongful death claims on a contingent fee basis; you won’t be asked to pay any legal fees unless we obtain a verdict or settlement on your behalf.