Detailed Answer
In Nevada, a diminished value claim seeks compensation for the difference between your vehicle’s market value before an accident and its value after repairs. Courts treat this as part of your property damage claim. Unlike repair bills, diminished value isn’t documented by a single invoice. You must build a record showing how the accident reduced resale value.
Under the Nevada Evidence Code (NRS Chapter 48), you can introduce various types of proof to establish monetary loss. Commonly accepted evidence falls into five main categories:
1. Pre-Accident Value Documentation
- Vehicle History Reports: Printouts from Carfax or AutoCheck showing mileage, maintenance history and sale prices of comparable models.
- Dealer Quotes: Written appraisals or trade-in estimates dated just before the collision.
2. Repair Records and Estimates
- Itemized Repair Invoices: Detailed bills showing parts replaced, labor hours and paint work.
- Multiple Shop Estimates: At least two independent quotes to show standard cost for restoring your vehicle.
3. Independent Appraiser Reports
- Certified Diminished Value Appraisal: A professional appraisal that calculates loss based on market data and damage severity.
- Expert Declarations: Written statements from licensed appraisers explaining methodology.
4. Market Comparisons
- Comparable Sales Listings: Ads or dealer listings for similar year, make, model, mileage and condition vehicles.
- Online Valuation Tools: Reports from Kelley Blue Book, NADAguides or Edmunds showing pre- and post-repair values.
5. Photographic and Video Evidence
- Pre- and Post-Repair Images: High-resolution photos documenting damage zones and quality of the repair work.
- 360° Walkaround Video: A continuous video showing overall condition, paint match and panel alignment.
When presenting evidence in Nevada, follow the rules in NRS 48.015 (Nevada Evidence Code – Definitions). If your insurance policy includes an appraisal clause under NRS 687B.300 (Motor Vehicle Insurance – Appraisal), you can invoke that process to obtain a neutral appraisal without going to court.
Helpful Hints
- Keep originals: Retain all repair receipts and digital copies of your vehicle history report.
- Document mileage: Record odometer readings before and after repair.
- Use timestamped photos: Embed dates in image metadata to prove timing.
- Get multiple appraisals: More opinions strengthen your claim.
- Send certified mail: Deliver demand letters and appraisal requests by certified mail to insurers.
Disclaimer: This article is for educational purposes only and does not constitute legal advice. Consult a licensed attorney for guidance tailored to your situation.