Diminished value usually pertains to vehicle property damage in an accident case, but it can arise in conjunction with any claim for damages to personal property. Insurance companies hate to pay it. However, with the advent of apps such as Carfax which disclose a car’s accident history on the secondary market, diminished value has become a larger component of personal injury claims. Diminished Value is Best Understood by Looking at Resale Values In trying to come to a good understanding of diminished value, it is helpful to look at resale value.  Let’s say you are car shopping.  You go to Continue Reading

Correctly calculating car accident compensation can be challenging. Some damages caused by a car crash are easier to calculate because there are bills or invoices to prove the value of the damages. However, placing a value on a person’s pain and suffering can be much more challenging. What Damages are Included In a Car Accident Claim? Car accidents cause a variety of damages. Some car crash might result in property damage only claims, in which only the motor vehicles sustained damage. Many traffic accidents result in bodily injury and fatalities. When vehicles collide, the occupants can sustain life-threatening conditions and Continue Reading

Car accidents continue to be one of the most common causes of accidental death and injury in the United States. Motor vehicle accidents are the leading cause of accidental fatalities for children, according to the Centers for Disease Control. The Bureau of Transportation Statistics reports that there were over 6.7 million traffic accidents in the United States in 2018.  The accidents resulted in 36,560 fatalities and over 2.7 million injuries. Various factors can contribute to the cause of car accidents. Some factors, such as poor weather conditions and hazardous road conditions, might not be within the control of a motorist. Continue Reading