Recover Money for the Diminished Value of Your Vehicle
If your vehicle has been damaged in an accident, you may be able to recover money for the diminished value of your car. DeGrado Halkovich, LLC, are pioneers in the area of diminished value litigation. Diminution of value is a measure of monetary value lost by a car which was repaired after an accident. In many instances, even after a vehicle has been repaired, the market value can be substantially affected by virtue of the fact that the car has been damaged in an accident. In NJ, the law allows for recovery against a third-party (person or entity who caused the accident) for the diminished value of your car even after the completion of repairs. In New Jersey, the statute of limitations to file a lawsuit for the diminished value caused to your vehicle is six (6) years from the date of accident. Our law firm will:
- Conduct an initial evaluation of your claim at no charge
- Inspect and have your vehicle appraised for diminished value after repairs
- Negotiate and/or litigate claim with insurance carrier
- Only get paid if we recover money for the diminished value of your car
What is Diminished Value?
What is “diminished value” in the context of a car damaged in an accident? It is the monetary value that your car loses despite being repaired after a collision. It is obvious that when your vehicle undergoes even the best quality repairs, its market value is not the same as the value of a "not crashed" car. The law permits you to file a claim for compensation against the person who caused the accident. The only requirement you have to remember is the amount of time that has passed since the crash happened – and thereby the time you have to find an accident lawyer. In NJ, it is a period of 6 years.
DeGrado Halkovich, LLC are pioneers in this specific area of law. We are a group of lawyers with vast experience in the area of diminished value litigation. Contact us today to get in touch with our professional accident lawyers.
We conduct an initial evaluation of each case and assess possible strategies to recover your money. We do it at no charge. DeGrado Halkovich, LLC will also have your car appraised after the repair process. We do not take any fee until we get the compensation for your car’s diminished value. It is a guarantee for you and a motivation for us.
You may be entitled to receive money damages for the diminished value of your car. If you were in an accident and would like to see if you’re eligible to file a claim, contact our attorneys’ today. Our diminished value lawyers’ have substantial experience within this are of law along with a strong history of achieving results on behalf of our clients’. Contact us today for more information or call 201-678-9007.