Maryland Diminished Value Lawyers – Frequently Asked Questions

Many individuals file diminished value automobile claims each year, but few are able to present a strong case and get approval from the insurance carrier or responsible individual. This is due to a lack of legal knowledge and difficulty in deciphering the technicalities of the law.

There are some common questions that are presented to every individual who faces a diminished value automobile case. Find answers to them below.

1. What is a diminished value automobile claim? How do I know if I have a valid case or not?

You can file a claim case for the diminished value of your automobile if the pre-loss value of your damaged vehicle has been decreased and cannot be restored even though competently repaired.

2. What are the different types of diminished value claims?

There are two main types of diminished value cases. These are:

Inherent Diminished Value

You can file a diminished value claim if the repair work on your vehicle was satisfactorily completed, but the industry stigma linked to accident damaged, vehicle history reports (like Carfax and Autocheck), and disclosures given by sellers ultimately affect the actual worth of the car.

If your vehicle is valued at less than its original value because of these reasons then, you can file a claim for diminished value.

Repair Related Diminished Value

If your vehicle has been repaired, but the repairs have been done in a substandard or poor fashion, then the amount of diminished value is likely to increase. In other words, poor quality repairs will leave the vehicle worth even less than if it had been properly repaired. This repair related diminished value is a foreseeable consequence of an accident and should be pursued. Fortunately, most body shops do a fine job and this type of claim is not frequently required.

Do I need to consult a lawyer for filling my diminished value claim?

The best answer is yes. Do you know anything about the complexities of the law? Are you well versed about the technical details or statutes which relate to diminished value? If not, then you need to employ the help of a professional who can guide you on how to pursue your diminished value claim.

At Altmark, Rotter & Trock, LLP, we work with you and fight the insurance companies on your behalf to get you maximum compensation for your loss. If you or someone you know was involved in a car accident and wants to make a diminished value claim, please call us for a free consultation at (410) 783-9230 or toll-free outside of Baltimore at 1-(888) 966-5566.