Diminished Value Blog
Lucky you to escape injury. On the other hand, unlucky you if you want to find an attorney in Virginia that will take a property loss case. If you’ve actually had this situation, and tried to find an attorney, you know from personal experience that finding is a very difficult process. You’ve probably contacted several […]
Virginia law allows up to 5 years to bring a diminished value claim. If you were in a car crash that was not your fault and your car was damaged and repaired within the last five years, this means you could have a valid diminished value claim. If the crash was not your fault, your […]
When your high-value vehicle is damaged in a car accident that isn’t your fault, you have a diminished value (DV) claim. The hard part can be finding a lawyer to take on your case. If you are Virginia driver involved in a crash that caused personal injury (PI), you will have a choice of firms […]
A car that has been damaged in an accident and repaired is worth less than an identical car that has not been damaged. In the law, this is called diminished value and can be a cause for legal action. Determining Diminished Value Arriving at a vehicle’s pre-crash fair market value doesn’t require much knowledge or […]
Auto accidents bring damage. If you have been in an accident that is not your fault, you need to consider more than the cost of repairing your car and personal injury. You may also have a diminished value claim. What Is a Diminished Value Automobile Claim? A car that has been damaged and repaired is […]
Which of these cars has a higher diminished value (DV)? The answer may surprise you. The answer is the Ferrari with a scratch on the side, for two reasons: 1) the car on the trailer will almost certainly be declared a total loss, resulting in zero DV 2) because of the Ferrari’s fair market value, […]
