FAQ: Does Texas allow Diminished value claims?

Yes, in some instances Texas does allow an individual that DID NOT cause the car accident to make a diminished value claim for the loss of market value to their vehicle after it is repaired. This does not mean every vehicle will qualify. For example, a very old car may not have suffered any diminished value as the result of a collision, after it was repaired. However, a brand new vehicle, which is subsequently repaired, may lose significant value due to a collision. Therefore, diminished value claims are evaluated on a case by case basis. Another variable is the insurance company itself. Certain companies are more apt to be fair than others. A call to your injury lawyer at Funk & Associates can give you some direction as to these matters.