Karns & Kerrison Blog

Compensation for Diminished Value of Your Vehicle

Posted by Sarah Karns Burman | Feb 27, 2015 | 0 Comments

So many past clients have struggled with the issue of proper compensation for their motor vehicles after an accident. A young client came in last year after an accident. She was injured and her recently purchased Volvo had sustained disabling damage. I advocated on her behalf at no cost to have the liability company repair her vehicle at the body shop of her choice. However, there was no legal recourse for her to obtain compensation for the diminished value of her vehicle due to the accident. While she loved her vehicle, when she decided to sell it the Volvo would inevitably have lost value due to the fact it was involved in an accident through no fault of her own. Now as a result of Sikorskj v. Amica Mutual Insurance Company, an intelligent personal injury lawyer such as myself, has further recourse for clients' in this situation. This case decided that a Rhode Island plaintiff is entitled to arbitration of a claim that the accident resulted in the value of the vehicle being diminished.

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