IS THERE A RIGHT TO REIMBURSEMENT FOR THE LOSS VALUE OF A VEHICLE AFTER IT IS REPAIRED?
Arizona law is different from many states when it comes to what is called a diminution in value claim. After a car accident in Arizona, almost everybody would agree that if the car has to be fixed due to a significant collision, the car is going to sell for less. Let’s be honest, what is the first question most people ask when they’re going to buy a used car? It is probably “Was this car in an accident?” In fact, Carfax.com has made an entire business on getting people the information as to the history of a vehicle before they purchase it. Probably the first thing everybody wants to know is whether the car was in an accident. If the car was in an accident, people are going to pay a lot less for it.
In some states when someone has had their car wrecked in a motor vehicle accident and they get it repaired, the person who got the car repaired does not have a right to claim the loss value of the car in addition to making the at-fault person’s insurance pay to fix the car. However, Arizona does the right thing. That is, in Arizona not only does the at-fault insurance have to provide car rental while the car is being repaired and pay to fix the car, they also have to pay for the loss value of the car to the person who was not at-fault.
However, many insurance companies refuse to do this without a fight. Getting an experienced Arizona car accident lawyer to help with the diminution of value of claim can be very helpful. If you or anybody you know has questions regarding how property damage and car damage repairs work through insurance companies after an accident, please feel free to give us a call.