Diminished value is an element of a property damage claim

Diminished value is an element of a property damage claim
by knutesteen (2024-04-16 00:40:00)

In reply to: Hopefully, but California tends to be very special. Hence my posted by kellykapowski

You are entitled to be made whole by the tortfeasor, and if even after full repair the vehicle has less value upon resale, that should be part of your compensation. If need be, get an estimate of the "stigma" from the repair shop or your dealer to show the reduction in fair market value due to that collision and resultant stigma.

Replies:

I was being facetious, but from what I have heard, it’s not - kellykapowski 2024-04-16 00:44:50
- I remember the story - knutesteen 2024-04-16 00:53:58