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
  • google
    5.0/5.0

    My husband had a major motorcycle accident. He did survive, and worked hard to get back by doing Physical Therapy and being compliant with his medical regime. He had a attorney for 13months that did not communicate with him. My husband did everythin...

    Read more

    [email protected] simple20

  • google
    5.0/5.0

    No description provided

    Read more

    Kyle Hargrove

  • google
    5.0/5.0

    No description provided

    Read more

    Kyle Hargrove

  • google
    5.0/5.0

    I live in the Northeast. I had a complicated claim and because I already have a high rating, no one near me wanted to take my case. I contacted this firm and they gladly accepted my business. I worked closely with attorney Ryan Spencer and paralega...

    Read more

    Bradley Blatchley

  • google
    5.0/5.0

    This law firm helped me get the VA to classify my husband as 100% disabled from an injury he suffered while in the Navy which later gave rise to Parkinson's. They're very good.

    Read more

    Anita Dwyer

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

888-351-10338


Questions?

Our trained operators are ready to assist.

Start Chat
Offices serving the Carolinas, the Virginias & Florida

Available 24/7 — We’ll come to you

View all locations
back to top