Depreciation happens to every vehicle. When you are in an accident you become more aware of how a depreciated vehicle can affect your injury case. Raleigh car accident lawyer Brent Adams reviews how a vehicle's depreciation will factor into case valuation.
Depreciation in relation to a car accident is the value of the vehicle after the crash compared to the value before the crash. Vehicles are not worth as much after a car accident. Even with the best collision repair, body work, and paint job - an accident on a vehicle's history can affect its value. Individuals who own a vehicle that becomes involved with an accident can collect the depreciation amount from their insurance company after the accident.