NJ Diminished Value Litigation Lawyers
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 most states, 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
- Do all of the work and only get paid if we recover money for the diminished value of your car
- Inspect and have your vehicle appraised after all repairs for diminished value
- Negotiate and/or litigate claim with insurance carriers
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 field of law along with a strong history of achieving strong results on behalf of our clients. Contact us today for more information or call 201-678-9007.
Car accident is one of those things that can happen to anyone. You may be a great driver who always follows the traffic rules, but you are not able to foresee the behaviour of other people behind the wheel. We all know that there are many types of drivers – some of them cause collisions and then the injured party has to look for an accident lawyer. In NJ and a few other states there is a chance to recover money for so called diminished value of your vehicle.
What is a 'diminished value' in the context of a car damaged in an accident? It is a monetary value that your car loses when being repaired after a collision. It is obvious that when your vehicle undergoes even the best repair service, its market value is not the same as the value of "not crashed" car. The law permits you to claim for compensation against the person who caused the accident. The only requirement you have to remember about 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. What is important, you can be entitled to receive the money owed to you by the third-party even after your car has already been repaired.
Not every accident lawyer in NJ will successfully manage such recovery process. DeGrado Halkovich, LLC may be called pioneers in this specific area of law. We are a group of lawyers with a wide experience within the matter of diminished value litigation. Contact us to get in touch with our professional accident lawyer – in NJ there are few specialists who are really well prepared for managing such issues.
You can trust us for many reasons. Firstly, 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 repairing process. Negotiations with insurance carriers is another support we can offer you. We will not take any money from you until we get the compensation for your car diminished value. It is a guarantee for you and a motivation for us. Hardly any accident lawyer in NJ does deals so honestly as we do.
Lawyers from DeGrado Halkovich, LLC are available to answer all your questions concerning your entitlement to recovery of diminished value of your car. We have already achieved strong results in many cases within such matters. If you will ever look for a competent accident lawyer in NJ, do not forget to contact us.