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What forms the legal basis for the claim of Diminished Value could be a subject...
NEED A DIMINISHED VALUE REPORT?
There are several ways to get a diminished value report. Online, mail order or from a local shop are the most common. Diminished value reports cost money and good ones cost more than others. Unless you are certain your diminished value claim will be for a significant amount of money, consider a basic or preliminary report from a company online.
There are many report companies that for a nominal fee, will prepare a basic diminished value report. Now this report might not stand up in a court of law, but paying $15-$30 for a basic report to see if you have a claim worth pursuing is better than paying $150-$300 for a report and then finding out your diminished value claim is not worth your time.
Look for companies advertising easy diminished value reports or diminished value quotes. If you have not seen these advertised, do a Google search here to locate such a service. Try typing in “diminished value report”
**For non-Maryland specific information about diminished value visit
However, most of the information contained herein applies to any third party diminished value claim.
Diminished value is an element of damages that is recognized by the courts in the State of Maryland. When you are involved in an automobile accident, even after your vehicle is repaired to your satisfaction, it may be worth less in total value than it was before the accident. Extensive records and databases are kept and the fact that your vehicle has been in a collision, will follow that vehicle for the remainder of its useful life. When it comes time to sell or trade the vehicle, you could receive thousands less than a comparable vehicle that has not been in a collision.
Fortunately, Maryland law has recognized this, and it is possible to claim, either from the at fault driver an amount of money that represents the diminished value your vehicle has suffered as a result of being in a car accident. Our Maryland lawyers have successfully handled many diminished value claims in association with personal injury claims.
With the information on this site it is possible to win your diminished value claim, without hiring a lawyer.
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Recommended Reading For Car Accident Victims
To begin your diminished value recovery click here or below and learn about the legal basis of a diminished value claim. This will give you the foundation to argue the maximum diminished value recovery you are entitled to.