Maryland Diminished Value Lawyers

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When a car accident occurs the at-fault party’s insurance company will pay to repair the vehicle of the no-fault party. The idea is to make the no-fault party whole again, but the truth is that there is a difference between a car’s pre-accident value and its value after repairs (post-repair value)– this is the car’s diminished value (DV). Depending upon the value of your vehicle this sum of money can be significant.

In most instances, insurance companies will not outright agree to cover DV – hiring a Diminished Value Lawyer from the start is often the easiest and quickest way to get full compensation. Call us in Baltimore at (410) 783-9230; or E-mail us for a free consultation. We represent clients anywhere in Maryland.

What Causes Diminished Value? Why is a Car Worth Less Even After Being Repaired?

It is important to understand that the resale value of your vehicle is greatly affected even if you get it repaired after a serious collision. Regardless of the kind of repair parts used to fix your vehicle, they can never replace the original, factory parts. The use of seam sealers and non-factory welds leave telltale signs of the repairs. Moreover, the application of paint in a body shop during repairs can never duplicate the factory finish-even if the body shop did outstanding work. This type of non-factory paint work is detectable through the use of inexpensive equipment and is routinely used by car dealerships when determining trade-in offers. This is exactly why a car buyer will never pay as high a price for a repaired vehicle as he/she will for a car with no accident history. To cover that loss, claiming diminished value makes sense. Diminished value is basically the loss in market value of the vehicle due to a collision.

Maryland is a Diminished Value State

Since Maryland is a diminished value state, you may be entitled to a diminished value recovery. In other words, the law may give you the right to be compensated for the loss of value of the vehicle caused by diminution in value in addition to the costs associated with the repairs to your vehicle. Most importantly, you do not have to sell your vehicle in order to recover.

Maryland Diminished Value Claim – When Are You Eligible?

You can make this claim and get compensated if:

  • You’re involved in an accident
  • You’re the owner of the vehicle involved in the accident
  • You’re making a claim against the other, at-fault, driver
  • Your vehicle is NOT declared a total loss

Please note, the statute of limitation on this claim in Maryland is 3 years and we do pursue uninsured motorist coverage for diminished value. However, you cannot make diminished value claims in Maryland if you are the at-fault party in the accident or if your vehicle is declared a total loss.

How You Can Receive Full Compensation for Your Vehicle After an Accident

Maryland law allows victims to be compensated in either of two ways:

The Fair Market Value of The Vehicle (for a Total Loss)

If your vehicle is a total loss, which means the cost of repair approaches or exceeds 75 percent of the vehicle’s pre-loss fair market value, then the insurance company for the at-fault party will compensate you for the value of your vehicle as it existed before the accident. This valuation is based upon many factors, including the condition it was in before the collision, the mileage, how it was optioned, etc.

The Cost of Repairing The Automobile and the Loss of Value Due to the Accident (Diminished Value)

This type of compensation is made when the cost of repairing your automobile does NOT exceed 75 percent of your vehicle’s pre-loss fair market value. The at-fault driver’s insurance company will pay for the necessary repairs to restore your vehicle back to the condition it was before the collision.  Furthermore, you might be eligible to pursue the diminished value of your vehicle in addition to the costs of the repair.

Why Hire an Attorney for Diminished Value Reimbursement?

Insurance Companies Are Often Uncooperative and Unfair with DV Claims

Hiring an attorney for your diminished value claim is your best way to get compensated. Wondering why? Well, the problem is that there are many insurance companies in Maryland that ignore this claim, will not give a fair reimbursement or whose employees are not sure how to handle them.

This typically occurs because they know that most lawyers will not touch diminished value cases unless they are connected to a serious injury claim. Even then, many lawyers ignore the diminished value claim due to ignorance. In other words, they simply do not know how to effectively pursue them.

Put our team of lawyers to work for you. We will aggressively pursue the responsible insurance company for full reimbursement, and will handle your claim from start to finish.


At Altmark, Rotter & Trock, LLP we estimate diminished value and rigorously pursue insurance companies like GEICO and Allstate to get our clients compensation that is equal to the pre-accident value of their damaged cars. If you or someone you know was involved in a car accident and wants to make a diminished value claim, please call us at (410) 783-9230; or E-mail us. We offer free consultations via phone or via appointment in our Baltimore office.