Louisiana Diminished Value Car Accident Property Damage Claim
What is diminished value due to a car accident repair?
What law to use when you are free of fault to encourage the other at fault driver’s insurance company to pay your diminished value claim?
LA R.S. 9:2800.17. Liability for the diminution in the value of a damaged vehicle
Whenever a motor vehicle is damaged through the negligence of a third-party without being destroyed, and if the owner can prove by a preponderance of the evidence that, if the vehicle were repaired to its preloss condition, its fair market value would be less than its value before it was damaged, the owner of the damaged vehicle shall be entitled to recover as additional damages an amount equal to the diminution in the value of the vehicle. Notwithstanding, the total damages recovered by the owner shall not exceed the fair market value of the vehicle prior to when it was damaged, and the amount paid for the diminution of value shall be considered in determining whether a vehicle is a total loss pursuant to R.S. 32:702.
What law governs diminished value for claims made under your own policy?
If you claim under your own policy, diminished value is governed by the terms of your policy. Get a copy of the policy from the agent and read it.
If your car has been damaged in a car accident and has suffered a diminished value, call 866-558-9151 or submit your inquiry online. Please be advised that you may be facing important legal deadlines so don’t delay.
READ WHAT OUR CLIENTS HAVE TO SAY
“Mr Lavis and his staff are very helpful, friendly and handle our case very professional. Mr Lavis would take his time to fit with your schedule . We are very happy with the results and we would like to recommend to any one needs legal help.”
Review by: Lam Nguyen
Reviewing: Lavis Law Firm – Personal Injury & Accident Attorney
Read More Testimonials