Diminished value law 101
By: Dave Wattel

Diminished value occurs when a vehicle is involved in an auto accident and, as a result, incurs physical damage either structural, cosmetic or both. Even if the vehicle is repaired, it is still worth less money than it was worth before the auto accident occurred. Depending on particular state laws, individuals may be required to disclose any and all accidents that their vehicle has been involved in when selling it. Thus, most buyers would favor a vehicle with a clean record over a vehicle that has been involved in a prior accident, which means that individuals end up receiving less money for their vehicle than if their vehicle were not involved in an accident in the first place.

How to choose a diminished value attorney
By: Dave Wattel

Diminished value attorneys help clients obtain proper compensation for the diminished value of their wrecked vehicle. Generally, if a vehicle is in an accident and any incurred damages are repaired, the vehicle is still worth less money than it was before the accident occurred. Individuals may file a diminished value claim with the help of an attorney, given that multiple factors affect the diminished value of a vehicle, including the vehicle's condition before the accident, the vehicle's age, mileage, prior accidents, extent of damage, and marketplace demand. Below contains some key advice on how to choose a reputable diminished value attorney.