A diminished value lawyer can help you obtain compensation for your car’s reduced resale or trade-in value after an accident. In most cases, this can be recovered from the at-fault party’s insurance company. However, these claims can be complicated and should not be attempted without the help of a diminished value attorney.
Many car owners are unaware that they are entitled to be paid for diminished value. This is because insurance companies do not advise them of this right and will often tell those that raise the issue on their own that diminished value damages are not recoverable. This is false. In fact, if the negligent party’s insurance company is required to provide you with full property damage coverage, they must also pay you for your vehicle’s diminished value.
How Do I Find the Best Diminished Value Lawyer?
The first step in finding a good diminished value lawyer is to ask for referrals from friends and family. You can also research online to see what previous clients have had to say about their experience with the lawyer in question. You should also make sure that the lawyer is licensed to practice law in your state and has the necessary qualifications for handling diminished value claims.
Another factor to consider when choosing a diminished value attorney is their ability to negotiate with the insurance company on your behalf. In most cases, this will require the use of different types of evidence, such as market research data, repair estimates, and appraisals. An experienced diminished value attorney will be able to use these methods to maximize the amount of money that you receive.
Diminished value is a difficult claim to win, but it is important that you do not give up on the claim. It is also important to make sure that you are filing the claim within the time allowed by law. If you do not file the claim in the proper amount of time, you could lose your right to recovery.
Once you have found the right diminished value lawyer, it is time to start the process of recovering your lost value. You will need to present a detailed case that shows the reduction in value of your vehicle as a result of the accident. The insurance company will review your evidence and then make an offer on your claim. If you do not accept the offer, you can continue to negotiate or take your claim to court.
The bottom line is that a diminished value lawyer can be well worth the investment, especially if you are dealing with an insurance company that is refusing to treat your vehicle as if it were damaged in a normal accident. If you are interested in retaining the services of a diminished value lawyer, contact our office today for a free consultation. Our team of attorneys is experienced in helping car owners get the compensation that they deserve for their vehicle’s diminished value after an accident.