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- posted: Nov. 19, 2021
Unfortunately, auto accidents happen. First and foremost, your health and safety is the top priority. In the weeks and months following an accident, another troublesome element of the incident will rear its ugly head – diminished value. When it comes time to sell your vehicle, you may have executed all the necessary mechanical and cosmetic damages, but still face buyers who refuse to pay the fair market value. Why? Well, most people consider the fact that it has any damage whatsoever as a bargaining tool. This is why a vehicle loses value after it has been involved in any sort of incident.
The difference in value between its original state and its post-accident state is called the diminished value. Fortunately, legal tools exist which may allow us to recover those loses for you in the event of an accident.
FREE CONSULTATION
HIRE A LAWYER, NOT AN ADJUSTER - Your lawyer will negotiate directly with the insurance company. Unlike a public adjuster, a lawyer has the ability to file a lawsuit and to go to court if necessary. Because of the threat of litigation, your claim will be taken seriously by the insurance company.
NO IN-PERSON VISITS REQUIRED - You can hire your attorney by phone and any necessary documents may be sent via mail, fax or email.
NO RECOVERY, NO FEE - The attorney's fee is taken at the end of the case and is based on a percentage of the total recovery. If there is no recovery, you owe nothing. Also, any costs will be advanced on your behalf and will be reimbursed to the law firm out of the recovery.