--- title: What Is a Diminished Value Claim in North Carolina? description: After a car accident, you’ll likely turn to one of the insurance companies involved--either your own insurance company or the insurance company of the at-fault driver, depending on the details of the image: https://blog.theironslawfirm.com/hubfs/Imported_Blog_Media/shutterstock_151794464_720-min-300x201.jpg --- - Search Search Close this search box. - Download Forms - [Make a Payment](https://secure.lawpay.com/pages/ironsandirons/trust) - [(252) 215-3000](tel:252-215-3000) [![Irons and Irons](https://blog.theironslawfirm.com/hs-fs/hubfs/irons-law-logo.png?width=178&height=46&name=irons-law-logo.png)](https://theironslawfirm.com/) - [Personal Injury](https://theironslawfirm.com/injury-law) - [Auto Accident](https://theironslawfirm.com/injury-law/personal-injury/car-accident) - [Motorcycle Accident](https://theironslawfirm.com/injury-law/personal-injury/motorcycle-accident) - [Nursing Home Abuse](https://theironslawfirm.com/injury-law/personal-injury/nursing-home-abuse) - [Rideshare Accidents](https://theironslawfirm.com/injury-law/personal-injury/rideshare-accidents) - [Slip and Fall](https://theironslawfirm.com/injury-law/personal-injury/slip-and-fall) - [Traumatic Brain Injury](https://theironslawfirm.com/injury-law/personal-injury/brain-injury) - [Truck Accident](https://theironslawfirm.com/injury-law/personal-injury/trucking-accident) - [Wrongful Death](https://theironslawfirm.com/injury-law/personal-injury/wrongful-death) - [Divorce](https://theironslawfirm.com/divorce) - [Separation Agreements](https://theironslawfirm.com/divorce/separation-agreements) - [Divorce Options](https://theironslawfirm.com/divorce/options) - [Absolute Divorce](https://theironslawfirm.com/divorce/absolute) - [Collaborative Divorce](https://theironslawfirm.com/divorce/collaborative) - [High Net Worth Divorce](https://theironslawfirm.com/divorce/high-net-worth) - [Military Divorce](https://theironslawfirm.com/divorce/military-divorce) - [Division of Pensions, 401(k) & Retirement Accounts](https://theironslawfirm.com/divorce/division-of-pension-and-retirement-accounts) - [Post Separation Support and Alimony](https://theironslawfirm.com/divorce/support-and-alimony) - [Property Distribution](https://theironslawfirm.com/divorce/property-distribution) - [5 Critical Questions For Your Initial Consultation](https://theironslawfirm.com/5-consultation-questions) - [Family Law](https://theironslawfirm.com/family-law) - [Child Custody](https://theironslawfirm.com/family-law/child-custody) - [Child Custody Modification](https://theironslawfirm.com/family-law/child-custody-modification) - [Child Support / Modification](https://theironslawfirm.com/family-law/child-support-modification) - [Collaborative Family Law](https://theironslawfirm.com/family-law/collaborative-family-law) - [5 Critical Questions For Your Initial Consultation](https://theironslawfirm.com/5-consultation-questions) - [Education Law](https://theironslawfirm.com/education-law) - [East Carolina University/Pitt Community College Disputes](https://theironslawfirm.com/education-law/ecu-college-disputes) - [Public And Private School Disputes](https://theironslawfirm.com/education-law/school-disputes) - [Malpractice](https://theironslawfirm.com/injury-law/medical-malpractice) - [Medical Malpractice](https://theironslawfirm.com/injury-law/medical-malpractice) - [Dental Malpractice](https://theironslawfirm.com/injury-law/personal-injury/dental-malpractice) - [Pharmaceutical Malpractice](https://theironslawfirm.com/injury-law/pharmaceutical-malpractice) - Attorneys - [Gib Irons](https://theironslawfirm.com/about/gib-irons) - [Ben G. Irons II](https://theironslawfirm.com/about/ben-g-irons-ii) - [Harry H. Albritton, Jr.](https://theironslawfirm.com/about/attorney-harry-h-albritton-jr) - [Brianne Lee Van Apeldoorn](https://theironslawfirm.com/about/brianne-lee-van-apeldoorn) - [Misty Waldroup](https://theironslawfirm.com/about/misty-waldroup) [Schedule Consultation](https://theironslawfirm.com/contact/consultation-request) [tel:252-215-3000](tel:252-215-3000) [Irons & Irons P.A. Blog](https://blog.theironslawfirm.com) [Subscribe](https://blog.theironslawfirm.com/what-is-a-diminished-value-claim-in-north-carolina#popup-form) ### Subscribe via Email [Car Accidents](https://blog.theironslawfirm.com/tag/car-accidents) # What Is a Diminished Value Claim in North Carolina? September 05, 2019 Written by: Harry Albritton - Share - Share - Share - [Copy](https://blog.theironslawfirm.com/what-is-a-diminished-value-claim-in-north-carolina) ![](https://blog.theironslawfirm.com/hubfs/Imported_Blog_Media/shutterstock_151794464_720-min-300x201.jpg) Copied the Url ![Diminished Value Claim](https://blog.theironslawfirm.com/hs-fs/hubfs/Imported_Blog_Media/shutterstock_151794464_720-min-300x201.jpg?width=300&height=201&name=shutterstock_151794464_720-min-300x201.jpg)After a car accident, you’ll likely turn to one of the insurance companies involved--either your own insurance company or the insurance company of the at-fault driver, depending on the details of the accident--for compensation. Probably, you’ll claim compensation for property damage expenses, as well as medical bills, at the very least. While you may think that you’re being fairly compensated for both, you may be overlooking the fact that you have a **diminished value claim.**[North Carolina car accident attorneys](https://dev-harry-albritton.pantheonsite.io/cases-we-take/car-accidents/) like Harry Albritton of Irons & Irons P.A. can guide you through what this means and how to recover compensation for diminished value. ## **Diminished Value NC - What’s That?** [Diminished value](https://www.iii.org/article/what-is-diminished-value) refers to a situation when a car is not as valuable after an accident as it was prior to an accident. This is almost *always *the case - the mere fact of a vehicle being involved in an accident, even if it is repaired to look good as new, can reduce its value. There are three primary types of diminished value: 1. **Immediate diminished value.** Immediate diminished value refers to the difference in the value of a car immediately before an accident and immediately after an accident. Typically, this difference is stark, as a damaged vehicle prior to repairs will hold much less value than a non-damaged vehicle. 2. **Inherent diminished value.** The type of diminished value that most car insurance companies and claimants are referencing during the claims process is inherent diminished value. This refers to the difference in value of a vehicle prior to an accident and after the accident (after repairs have been completed). Even when optimal repairs have been performed, the resale value of a vehicle involved in a crash may be significantly reduced because the vehicle has a damage history. 3. **Repair-related diminished value.** Finally, the third type of diminished value is repair-related diminished value. This refers to the lost value of a vehicle due to low-quality/poor repairs after an accident occurs. ## **You Deserve to Be Paid for Diminished Value in North Carolina** While you certainly deserve to be paid for diminished value of your vehicle, an insurance company may not immediately offer this type of compensation. In fact, hoping to get away with offering you as little a possible, it’s likely that an insurance company will lowball your claim. When demanding damages, it’s important that you request compensation for diminished value. In many cases, you are owed this compensation per the terms of your insurance policy. ## **Our North Carolina Diminished Value Lawyers Can Help** Don’t let an insurance company get away with failing to pay out your diminished value claim. NC car accident attorneys like Harry Albritton of Irons & Irons P.A. have experience representing claimants during the recovery process and aggressively negotiating for fair settlements, including compensation for diminished value. If your vehicle has lost value after a crash, our lawyers can help. [Please call us today or send us a message](https://dev-harry-albritton.pantheonsite.io/contact-us/)to request a free consultation and learn more about our services. ### [Harry Albritton](https://blog.theironslawfirm.com/author/harry-albritton) Harry H. Albritton, Jr. is a passionate attorney representing victims of negligence and malpractice, with deep roots in eastern North Carolina. A graduate of East Carolina University, he returned to practice law in Pitt County after obtaining his law degree from Ohio Northern University. Throughout his career, he has successfully handled a diverse range of cases, from minor car accidents to multi-million dollar catastrophic injuries, and has been recognized for his legal abilities by Super Lawyers and The National Trial Lawyers. When not practicing law, he prioritizes spending time with his wife and three sons, engaging in outdoor activities such as hiking, biking, and kayaking. ### Related Posts [Car Accidents](https://blog.theironslawfirm.com/tag/car-accidents) 2 min read #### [Can You Sue an Insurance Company?](https://blog.theironslawfirm.com/can-you-sue-an-insurance-company) [Read more](https://blog.theironslawfirm.com/can-you-sue-an-insurance-company) 3 min read #### [When To Hire a Lawyer After a Car Accident](https://blog.theironslawfirm.com/when-to-hire-a-lawyer-after-a-car-accident) [Read more](https://blog.theironslawfirm.com/when-to-hire-a-lawyer-after-a-car-accident) 2 min read #### [Filing an Auto Insurance Claim in North Carolina](https://blog.theironslawfirm.com/filing-an-auto-insurance-claim-in-north-carolina) [Read more](https://blog.theironslawfirm.com/filing-an-auto-insurance-claim-in-north-carolina) [![IRONS & IRONS P.A.](https://blog.theironslawfirm.com/hs-fs/hubfs/Irons%20and%20Irons/Pillar-Graphic.png?width=134&height=67&name=Pillar-Graphic.png)](https://theironslawfirm.com/) Irons & Irons P.A. 620 Lynndale Ct Suite A Greenville, NC 27858 Monday-Friday 9am-5pm Phone: [252-215-3000](tel:252-215-3000) PRACTICE AREAS - [Personal Injury](https://theironslawfirm.com/injury-law) - [Medical Malpractice](https://theironslawfirm.com/injury-law/medical-malpractice) - [Divorce](https://theironslawfirm.com/divorce) - [Family Law](https://theironslawfirm.com/family-law) - [Education Law](https://theironslawfirm.com/education-law) ATTORNEYS - [Gib Irons](https://theironslawfirm.com/about/gib-irons) - [Ben G. Irons II](https://theironslawfirm.com/about/ben-g-irons-ii) - [Harry Albritton](https://theironslawfirm.com/about/attorney-harry-h-albritton-jr) - [Brianne Lee Van Apeldoorn](https://theironslawfirm.com/about/brianne-lee-van-apeldoorn) RESOURCES - [Download Forms](https://theironslawfirm.com/download-forms) - [Blog](https://theironslawfirm.com/blog) ABOUT - [Reviews](https://theironslawfirm.com/about/client-reviews) - [Careers](https://theironslawfirm.com/about/careers) Copyright © 2024 Irons & Irons P.A.. All rights reserved. - [Disclaimer](https://theironslawfirm.com/disclaimer) - [Privacy Policy](https://theironslawfirm.com/privacy-policy) - - - - ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Harry Albritton", "url" : "https://blog.theironslawfirm.com/author/harry-albritton" }, "dateModified" : "2024-03-08T15:26:50.439Z", "datePublished" : "2019-09-05T15:56:44.000Z", "headline" : "What Is a Diminished Value Claim in North Carolina?", "image" : [ "https://blog.theironslawfirm.com/hubfs/Imported_Blog_Media/shutterstock_151794464_720-min-300x201.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.theironslawfirm.com/what-is-a-diminished-value-claim-in-north-carolina", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" } } } ``` ```json { "@context" : "https://schema.org", "@type" : "FAQPage", "mainEntity" : [ { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Diminished value refers to a situation when a car is not as valuable after an accident as it was prior to an accident. This is almost always the case – the mere fact of a vehicle being involved in an accident, even if it is repaired to look good as new, can reduce its value." }, "name" : "DIMINISHED VALUE NC – WHAT’S THAT? n" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "When demanding damages, it’s important that you request compensation for diminished value. In many cases, you are owed this compensation per the terms of your insurance policy." }, "name" : "YOU DESERVE TO BE PAID FOR DIMINISHED VALUE IN NORTH CAROLINAn" } ] } ```