North Carolina statute of limitations: 3 years. Don't wait until it's too late. Call 1-888-967-6488 for a free evaluation.
DV Status
Third-Party DV Recoverable
Statute of Limitations
3 years
Fault System
Contributory Negligence
Key Points for North Carolina Diminished Value Claims
Contributory negligence state - any fault bars recovery
Professional representation is critical
Strong case law supporting DV claims
How We Handle Your North Carolina DV Claim
Free Review
We evaluate your accident and repair details at no cost.
Appraisal
Licensed appraisers prepare a certified DV report.
Claim Filed
We submit a professional claim to the insurer.
You Get Paid
We negotiate to maximize your settlement.
Common Questions About Diminished Value in North Carolina
What is diminished value and does it apply in North Carolina?
Diminished value is the loss in market value that a vehicle suffers after being involved in an accident, even after it has been fully repaired. In North Carolina, diminished value is recognized and recoverable. North Carolina follows the contributory negligence rule, meaning any fault on your part can bar recovery entirely. This makes professional representation essential for diminished value claims.
How long do I have to file a diminished value claim in North Carolina?
The statute of limitations for property damage claims in North Carolina is 3 years from the date of the accident. It is important to start the process as soon as your vehicle repairs are complete to preserve your rights and maximize your recovery.
Do I need a professional appraisal for my diminished value claim?
While not legally required, a certified diminished value appraisal from an independent appraiser is the single most important piece of evidence in a DV claim. Insurance companies routinely deny or lowball claims that are not supported by professional documentation. Our certified reports are based on actual comparable market data and are designed to withstand insurer scrutiny.