According to the holding in American Manufacturers Mutual Ins. Co. v. Schafer, once a vehicle has been damaged and repaired as a result, it is going to be worth less than a comparable vehicle that has not been in a wreck.

In light of said holding, in the situation where one's automobile is damaged as a result of another driver's negligence, the 'at fault' driver's insurance company (third party insurance) may be liable to the party not at fault for the diminished value of thier vehicle.

The aforementioned discussion is of a general nature and should not be construed as legal advice. Should you have a legal question, please consult a licensed attorney.

 
Free Consultation 800.634.8042 512.474.7677

Contact Ross Law Group today!
All Fields are Required.

Name:

Phone:

City, State, ZIP:

Email:

Enter a brief description
of your case:

Please enter the code below:
  

Key Practice Areas
Information Centers