Diminished Value

Diminished Value Graphic

What Is a Diminished Value Claim?

Did you know that after a vehicle has been damaged from a car accident it can lose value, even once it’s been fully repaired? Although you will most likely choose to restore it, the fact that it was once in an automobile accident will lower its value once you decide to sell it or trade it in. This is called “Diminished Value” and represents the difference between your car’s original worth prior to the damage and its current worth. Don’t worry— there’s many people out there that aren’t aware of this concept, and that’s where Bush Law Firm comes into play. The Gonzales law firm will work closely with you to make the diminished value claims process easier and more rewarding.

How Diminished Value Works Graphic

Your Full Value Car - Car Damage (Repair) = New Diminished Car Value

Louisiana Law Favors Car Accident Victims

Louisiana statute states that car owners are entitled to recover the diminished value of their vehicle after an accident caused by an outside party’s negligence. However, Bush Law Firm knows full-well that insurance companies often do not recognize this right without a fight. Bush Law Firm is here to help you with all aspects of your diminished value claim and hold insurance companies accountable for these often substantial amounts of money. Now, you can move onto more important matters in your life, outside of this pesky inconvenience.

Dallon Bush with Client

How Bush Law Firm Can Help You...

The legal professionals at Bush Law Firm will help you navigate, decipher, and more fully understand the complex and multi-faceted world of insurance claims. Bush Law Firm has offices located in Gonzales, Baton Rouge, and New Orleans, Louisiana, where our team keeps abreast with changing qualifications, requirements, and other factors concerning these types of insurance claims. The firm is more than ready to fight for maximum compensation following your recent car accident. Call us for a consultation today!

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