Diminution refers to the loss in value of a motor vehicle after it has been involved in a road traffic accident. In effect it is the depreciation in value of your car as a result of the accident, as unfortunately even if a car is fully repaired after an accident, you will find that it is worth much less when you eventually go to sell your car. You can claim for diminution to recoup the loss in value in compensation and as this is paid by the third party’s insurers, it will not affect your no claims.
- No Win, No Fee Available
- Dedicated and highly skilled Diminution claims team
- You can claim if your car is less than 5 years old with more than £3,000 worth of damage
- Free initial advice from a qualified solicitor
- High success rate for clients
- National coverage
- Common Questions Answered here
- Diminution Quick Guide (PDF)
What is Diminution in value?
Diminution meaning: Diminution is the loss in value of a motor vehicle after its been involved in a road traffic accident.
The loss in value could be due to the vehicle inheriting accident history which will stay on record, repairs may have been serviced to a high standard but the quality of the repairs will not make any difference to the diminution in value.
Two virtually identical vehicles are offered for sale. One’s previously incurred damages in an accident and then repaired as good as new. The other has not.
A purchaser rightly so, would not pay the same cost for an accident damaged vehicle and would expect a price reduction before purchasing the accident damaged vehicle.
It’s the reduction in price we will claim back for you.
How much is my Diminution Claim?
Each case is expertly assessed on its own merit and the value of each diminution claim. We take into account a range of factors including the vehicle age, type and extent of damage.
If the extent of damage are severe and the younger the vehicle, the more a vehicle will lose in value.
Cost of services?
We have a free service where we can advise you if you’re applicable to claim diminution. If your case has a good prospect of success; we will help you every step of the way with your case.