Vehicle Accidents

Diminished Value

The reduction in a vehicle's market value after it has been damaged and repaired.

In Personal Injury Cases

Even after proper repairs, a car with an accident history is worth less than one without. California allows you to claim diminished value from the at-fault driver.

Reference context

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Related Legal Terms

Total Loss

When a vehicle is so damaged that repair costs exceed its value, or it's impossible to repair safely.

Property Damage

Damage to tangible property, such as vehicles, personal belongings, or real estate.

More Vehicle Accidents Terms

Collision Coverage Comprehensive Coverage Total Loss Hit and Run Rear-End Collision T-Bone Accident

Deposition View All Terms Discovery

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