If you’ve recently been involved in a car accident that leaves your vehicle with damage, it’s likely that the value of your vehicle has been reduced as a result. It’s important to be compensated for the diminished value of your vehicle, and an experienced diminished value lawyer can help you pursue a claim against the insurance company.
Diminished Value Lawyer
Despite your car’s being repaired after a wreck, your vehicle may still suffer from a loss of value in the eyes of potential buyers. Most potential car buyers will run a vehicle history report before buying your car, and it’s very likely that the accident will appear on the report. This will significantly decrease the value of your car, which is why it’s so important to make a diminished value claim for the loss in value you have suffered as a result of the crash.
The insurance company may try to deny your diminished value claim, but our team of experienced attorneys will fight to ensure that you receive the full amount you are owed. By leveraging a variety of legal strategies, we can prove that your car has lost value due to the accident and that the other party is responsible for this loss. We will also use expert testimony from accident reconstructionists and law enforcement to prove negligence and liability.
In order to be able to file a diminished value claim, it must be made within three years of the date of your accident. These claims are typically filed against the negligent party’s insurance company, or your own insurance company if you have uninsured motorist coverage. The process for filing a diminished value claim can be complex, and it’s important to have an attorney that is familiar with these types of claims.
Getting the Maximum Compensation
Our attorneys will handle all of the logistics of your diminished value claim, including the appraisal of your vehicle and any other future losses you are experiencing. We will also work closely with your insurer to negotiate the best possible settlement, which will maximize your compensation. We will make sure that your case is handled promptly and that all of the necessary documentation is in place before filing a claim.
How Do I Know If My Diminished Value Claim is Worth Pursuing?
The most common way to determine if you have a diminished value claim is to take your car in for an appraisal. An appraiser will conduct a thorough inspection of your car and then provide you with an estimate of its diminished value. The insurance company will then review this valuation and offer you a settlement.
It is very important to consult a diminished value lawyer before you sign any documents with an insurance company. There are several factors that go into determining how much a diminished value claim is worth. Some of these factors include: