Many people are unsure about how to go about pursuing a diminished value claim. They focus on other immediate concerns following an accident – medical payments if they are injured, car repairs, and daily living expenses that may have been upended. The result is that they often forget to make a claim for diminished value. This is a big mistake. It is important that you remember to include this in your insurance claim so that you do not get shortchanged. A qualified diminished value lawyer can help you make this claim so that you do not leave any money on the table.
An experienced diminished value lawyer can determine your car’s resale value prior to the accident and compare it to what it is worth now, after the crash. A professional appraisal will show how much your vehicle has lost in value and can help you to negotiate a fair settlement with the at-fault party’s insurance provider.
It is important to note that diminished value claims can be difficult to win. The reason is that insurance companies are businesses and prioritize their own profits over your recovery. Therefore, you may need a diminished value attorney on call to intervene when an insurance provider is trying to complete a diminished value appraisal that underestimates your losses. This will ensure that your attorney can provide the necessary documentation to support your claim and prevent it from being denied.
You can find an attorney that specializes in diminished value by contacting the American Bar Association’s website or your local bar association, as they will have a list of attorneys in your area. Individuals can also ask friends and family for referrals to attorneys who have handled diminished value claims in the past.
The state you live in: State regulations have an impact on how diminished value payouts are determined. Therefore, it is important to research these regulations so that you can understand your rights and be able to argue for the best possible settlement for your claim.
If you were in a collision with another driver and your vehicle suffered damages, you should be compensated for your diminished value claim. Contact us today to schedule a consultation with our Las Vegas diminished value lawyer. We will evaluate your case for free and advise you on what we feel is the best course of action moving forward. We have the experience to get results. Our goal is to maximize the amount of compensation that you receive for your injuries, loss of work and the diminished value of your vehicle. We will not settle your case until you are happy with the outcome. We are ready to fight for you! Call us today to schedule a free consultation. The sooner you call, the better your chances are of recovering your full compensation. We will meet with you in your home, at the hospital or at our office in Las Vegas. We look forward to hearing from you.