If you have been in an auto accident, you have lost money. Even after it has been repaired, your vehicle’s value is likely to have decreased significantly. In many cases, you may be entitled to an amount equal to your vehicle’s decreased value, traffic lawyers Melbourne can help you get a fair, independent vehicle appraisal and get your diminished value claim started.
Diminished Value (DV) is the loss in market value that occurs when a vehicle is wrecked and repaired. A reasonably intelligent consumer will not pay the same price for a wrecked, then repaired vehicle, as they will for a vehicle with no prior accident history. Before selling the vehicle there may be a legal case, as medical bills and repairs must be account for. You should look for car accident attorneys that can help you handle your case, as trying it alone could result in hefty bills and perhaps even charges levied against you. Once the legal case has been concluded, it will be time to look to your vehicle to decide a course of action. A positive outcome of the case could mean you would be able to repair the vehicle fully. Even if the repairs were done well, the vehicle will still lose value however.
In addition, if you have recently been in a car accident, apart from hiring an experienced auto accident attorney, you should also look after your physical well-being. Chances are you sustained injuries, and a visit to a car accident chiropractor for tests should be done right away to check the severity and treat the injuries immediately. Have you been Injured In A Car Accident? Here’s What You Should Do! And if a negligent party caused an accident that led to the death of a loved one, you may need to consult a wrongful death lawyer to file a lawsuit.
It’s just common sense.
Let’s assume you were shopping for a late model used vehicle. You come upon a dealer who has 2 identical vehicles that match what you are looking for. These vehicles are the same year, make and model. They have the same mileage and options. They appear to be in the same general condition. The sticker price for both vehicles is $20,000. Make sure to also call a medical negligence attorney near you to win the case with the best legal advice.
You ask the dealer if either vehicle has ever been wrecked and he tells you that one of the vehicles had sustained $6,500.00 in collision damage, but the repairs were expertly completed and you cannot tell there was ever any damage, if you need some legal assistance with your insurance claim, consider the services from the car crash attorney Las Vegas firm. Now there are just 2 questions that remain.
- Would you still give equal consideration to each vehicle?
- (If you answered no to #1)
How much of a discount in the price would have to be offered in order for you to give the wrecked and repaired vehicle equal consideration?
The bottom line is:
According to our local car accident lawyer philadelphia pa, If you were not at fault in the accident, the at-fault party (or their insurance company) owes you money. This is true in all 50 states. There is over 75 years of case law to back that up. If you need legal help for your car accident case, visit Silberstein, Awad & Miklos, P.C. online. If you live in the state of Georgia, you can collect your diminished value whether you were at fault in the accident or not. This is based on a class action lawsuit in 2001 (Mabry v State Farm). If you’ve suffered through a truck accident in South Carolina, you can check out the website for legal help.
How much value has your vehicle lost?
This garbage truck accident lawyer tells you not let the insurance company tell you. Ask The Experts at Collision Claim Associates, Inc. We are professional vehicle appraisers who will provide you with the documentation you need to get the compensation you’re entitled to.