What is diminution in value and how does it form part of my car accident claim?
Diminution in value of a vehicle is part of the claim for road traffic accident compensation made by an innocent victim.
Where appropriate, if your vehicle has been damaged in an accident, Donoghue Solicitors’ car accident claim lawyers will arrange for it to be repaired, or you can allow your insurers to deal with them. Provided the repair is done to a good standard and the vehicle is not an unusual one, it is usually not reasonable to argue that it is worth less after the accident than before.
However, if the vehicle is relatively new, expensive, or has some special quality to it, such as being a rare sports car/ motorbike, it may be possible to argue that the vehicle is now worth less, so giving rise to a claim for diminution (reduction) in value.
How do my car accident lawyers prove a claim for diminution?
In order to prove your claim, your solicitor will instruct an expert motor engineer to consider your case. If the expert feels that there may be a claim for diminution, he will consider all available evidence, including repair quotes, receipts, photographs, details of similar vehicles etc.
Claiming for diminution is not straightforward, and is almost always challenged by the insurers for those responsible. The more evidence the engineer receives to show that the vehicle is now worth less in the open market than before, the better. You can help your car accident lawyer and engineer by providing some of this, and strengthen your own claim into the bargain.
Why should I trust Donoghue Solicitors with my traffic accident compensation claim?
Donoghue Solicitors have expert car accident lawyers ready to act on your behalf. Where appropriate, we work on a no win no fee basis, meaning that you are not at financial risk in the unlikely event your claim does not succeed*. We also ensure that you are not charged while your case is ongoing, leaving you free from financial worries.
(*Click on our no win no fee page for more information about this and the exceptions which apply.)
Donoghue Solicitors Limited is a specialist law firm dealing exclusively with compensation claims. We are authorised and regulated by the Solicitors Regulation Authority (no.573581), meaning that you can trust us to act in your best interests, not those of the insurance companies. Read all about us here.
How do I start my car accident claim?
Contact Donoghue Solicitors today on 08000 124 246 or complete the online form on this page. Our car accident lawyers are waiting for your call.