Diminished Value

Contact Us

  • This field is for validation purposes and should be left unchanged.

Cases we handle

  • Collision Claims
  • Comprehensive Claims
  • Depreciation of Value
  • Diminution of Value
  • Faulty Repairs
  • Gap Insurance Claims
  • Loss of Business Income
  • Loss of Profits
  • Loss of Use
  • Mileage Reimbursement
  • Insurance Denials
  • Repair Issues
  • Rental Reimbursement
  • Theft Claims
  • Total Loss
  • Underinsured Property Damage Claims
  • Uninsured Property Damage Claims

Diminished Value

Do You Have a Diminished Value Claim?

Diminished Value (1)

After your auto accident, the insurance company responsible for paying for your vehicle repairs may not have paid you EVERYTHING it owes you under the law. North Carolina law not only entitles you to compensation for the repairs to your vehicle, but also for the loss in value your vehicle has sustained as a result of your auto accident.

Consider this hypothetical: You are the owner of a new, low-mileage vehicle that is damaged by another driver in a car accident. Now, not only are you thinking about getting your vehicle repaired, but you are also concerned about your vehicle losing its value due to the collision.

You would likely have several questions:

  • Is my vehicle worth less now that it has been in an accident?
  • What happens when I try to sell my vehicle? Will I be offered less?
  • How can I be compensated for the value my vehicle has lost from the accident?

What’s the Next Step

Our attorneys can help you seek compensation for the diminished value of your vehicle. We can help at any stage of the process, whether you need help starting your claim, or whether you need us to step in to help you deal with an unfair insurance adjuster or insurance company. We can help guide you through the process to make sure you are getting every dollar the insurance company owes you — not just what the insurance company want to pay you.

Other Types of Property Damages Cases:

North Carolina law entitles you to a variety of other types of compensation.  Our attorneys are here to provide you with aggressive representation so that you can obtain the settlement you deserve. A few of these other types of property damage cases include:

  • Collision Claims – Your insurance policy might entitle you to compensation for repairs, total loss, or rental reimbursement.
  • Faulty Repairs – Don’t let auto repair shops and the insurance adjuster jerk you around. We can fight for a full repair of your vehicle that leaves you satisfied.
  • Loss of Use – Has the loss of your vehicle caused you other unforeseen expenses? Has this accident turned your life upside down?
  • Total Loss – Is the insurance company playing games with your repair in order to avoid paying you the total loss of your vehicle?
  • Underinsured Motorist Coverage – What if the person who caused your accident didn’t have enough insurance?
  • Uninsured Motorist Coverage – What if the person who caused your accident didn’t have any insurance?

For more information, feel free to look through our North Carolina Property Damage FAQs.  Call Kreger Law Firm at (888) 820-5885 to speak with a North Carolina Property Damage Attorney today.