Marcari, Russotto, Spencer & Balaban
Free Consultations: (888) 351-1038
Blog

Does Your Vehicle Qualify for Diminishment in Value?

When you suffer property damage in a car accident, you must determine the compensation amount to request for damages to your vehicle.

Virginia courts recognize that a vehicle that has been through an accident and undergoes repair loses value. In the same way that a car depreciates as the years go by, even if it is just sitting in a garage, cars with an accident history do not have the same value in the marketplace as cars that have never been through an accident.

The case Averett v. Shircliff, heard by the Supreme Court of Virginia in 1977, established this fact of value diminution or depreciation. The court decided that the rule in determining the proper measure of damages to motor vehicles was if you believe “that the car involved could be restored to its former condition by repairs, the measure of damage is the reasonable cost of repairs, with reasonable allowance for depreciation."

When an attorney helps you recover damages for bodily injury or wrongful death because of a car accident, the lawyer also pursues diminishment in value for your car. On your behalf, the attorney can sue the third party who was at fault for causing the accident and obtain the compensation through a settlement or as part of a jury award.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

What our clients say
Reviews
Reviews
  • lawyers
    5.0/5.0

    I have worked with the firm for my daughter's case. Halima Sharif our paralegal and case coordinator was very helpful and available throughout the...

    Read more

    Client

  • lawyers
    5.0/5.0

    I am very pleased with the outcome of my case big thank you to Ms Mann and Ms Allie I appreciate all your hard work and yes I will recommend this...

    Read more

    Client

  • lawyers
    5.0/5.0

    I am a widow of a Vietnam Vet and the firm represented me on a pending appeal with the VA and did a great job and won me the case. They are great...

    Read more

    Client

  • lawyers
    5.0/5.0

    Very kind people

    Read more

    Client

  • lawyers
    5.0/5.0

    I had a horrible accident with multiple injuries. Insurances, medical & auto, were problematic. Some medical facilities understood & a few were...

    Read more

    Client

See all reviews
Get excellent legal representation at an office close to you.
  • This field is for validation purposes and should be left unchanged.
Call for free consultation

(888) 351-1038


Questions?

Our trained operators are ready to assist.

Start Chat
Offices serving North Carolina, South Carolina & Virginia

Available 24/7 — We’ll come to you

View all locations
back to top