Diminished Value Appraisal in
New Jersey
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Recover What Insurance Owes You After an Accident
SnapClaim makes it easy to recover your car’s lost value after an accident. We provide a free estimate, a fully certified appraisal report, and a ready-to-send demand letter — all within minutes. No guesswork, no waiting.
“I had no idea my car had lost that much value after the crash. SnapClaim gave me everything I needed to file the diminished value claim — I got the report in less than an hour.”
Mark
Vehicle Owner, Colorado
Filing A Diminished Value Claim In New Jersey
If your vehicle was damaged in an accident in the state of New Jersey and underwent repairs, its resale value is likely to be less than what it was before the crash. This loss in market value is known as diminished value, and it is recoverable in New Jersey through a diminished value claim filed with the at-fault party’s insurance company. If the other driver was uninsured, you can also file a diminished value claim with your own insurance company if you have UMPD on your policy.
New Jersey diminished value law
Under New Jersey law, “the general primary rule is that, in the absence of the total destruction of an automobile the measure of damages is the difference in its value immediately before and after the injury.”
Jones v. Lahn, 115 N.J. 358, 362, 63 A.2d 804 (1949)
Supreme Court of New Jersey
Citations: 63 A.2d 804 (1949), 98 N.J.L. 768, 121 A. 711 (E. & A.1923)
New Jersey courts have further clarified this rule by explaining that if the value of an automobile before it was damaged was greater than it was after repair, the owner is entitled to a sum for the depreciated value of automobile, in addition to cost of repair.
Fanarof v. Eastend Motor Company, 172 N.J. Super. 309, 411 A.2d 1167 (App. Div. 1980)
Superior Court of New Jersey, Appellate Division
Precedential status: Precedential
Stated another way, when repairs still leave the vehicle in a less valuable condition than immediately before the accident, a plaintiff is entitled to prove his full damages by showing both cost of repair and the depreciation after repair, or by showing the vehicle’s value immediately before and after the accident.
Premier XXI Claims Mgmt v. Rigstad, 381 N.J. Super. 281, 885 A.2d 521 (App. Div. 2005)
Superior Court of New Jersey, Appellate Division
Precedential status: Precedential
In a more recent decision, the Appellate Division confirmed that a vehicle owner may recover for diminished value—even after full repairs—if sufficient proof is presented.
Financial Services Vehicle Trust v. Panter, 2019 N.J. Super. LEXIS 28 (App. Div. Feb. 28, 2019)
Superior Court of New Jersey, Appellate Division
Precedential status: Precedential
How to file a diminished value claim in New Jersey
Step 1. Get a free estimate. Start by checking if your vehicle qualifies for a diminished value claim. SnapClaim provides a fast, no-cost estimate to help you understand your potential recovery.
Step 2. Order your certified appraisal report. If eligible, SnapClaim will generate a professional, independent diminished value appraisal—often in minutes. This report is formatted for insurance use and backed by industry data.
Step 3. Submit your claim. Along with your appraisal, SnapClaim provides a pre-filled demand letter to send to the at-fault driver’s insurance company. This makes it easy to start the claims process without a lawyer.
Step 4. Settle your claim. Most insurers will respond with a settlement offer. You can choose to accept, negotiate, or escalate the claim. If needed, SnapClaim can help you provide documentation to support further action.
SnapClaim is designed to help you recover fair compensation with less stress, faster turnaround, and no upfront legal fees.
Money-back guarantee: If your final insurance recovery is under $1,000, SnapClaim will refund 100% of your appraisal fee. We only succeed when you do.
New Jersey diminished value law
Statute of Limitations: 6 years
Third Party Diminished Value Claim: Yes
First Party Diminished Value Claim: No
Most insurance policies will exclude diminished value.
New Jersey Property Damage Minimum Limits: $5,000 in coverage
Uninsured Motorist Coverage for Diminished Value: No coverage
Underinsured Motorist Coverage for Diminished Value: No coverage
New Jersey Small Claims Court Limit: $5,000
attorney representation and appeals are permitted
See what ourclientsare sharing about us!
“I didn’t know about diminished value until I found SnapClaim. Their report was done in minutes, and the support team explained everything clearly. I used the letter they provided and ended up with an extra $3,200. Super easy.”
“SnapClaim helped me file a diminished value claim after repairs. The process was smooth, fast, and I received more money than expected. Their team handled everything so I could focus on getting my car and life back to normal.”
“I uploaded my repair estimate and got a professional report the same day. SnapClaim made everything so simple. Their platform saved me hours of back-and-forth with insurance and got me a solid payout”
“After my car was totaled, SnapClaim gave me a fair market value report that clearly beat the insurance offer. I submitted it with my claim and they increased the payout. The process was fast, fair, and worth every penny."
“SnapClaim made a huge difference for me. I had no clue how to value my vehicle post-accident. Their diminished value report was detailed, with comps and expert review. I sent it in and got a great settlement in less than a week. Truly amazing.”
“SnapClaim is a game-changer. I used their fair market value report after a total loss, and it helped me negotiate a much better offer. The design, speed, and clarity of the report made a real difference with my adjuster..”
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