Diminished Value Tips: Expert Advice from The Car Accident Experts

When you find yourself in a car accident, it can be a stressful and daunting experience. From dealing with insurance claims to figuring out the extent of damages, the process can quickly become overwhelming. That's where experts in car accident insurance claims come into play - providing invaluable guidance and support during this challenging time.

One key aspect that often arises in the aftermath of a car accident is diminished value. This term refers to the reduction in a vehicle's resale value after it has been involved in an accident, after repairs have been made. Understanding how to navigate the process of claiming diminished value is crucial to ensure you receive fair compensation.

Luckily, the car accident specialists at "The Car Accident Experts" are here to offer their expert advice on diminished value claims. While they are not lawyers, their extensive experience in the insurance industry allows them to provide invaluable insights into this complex process at a fraction of the cost.

We would love to assist you in your Diminished Value claim. Before we get started, there are a few things that we will need.:

1. We will need a copy of your estimate from either the insurance company or the repair facility. We use this to determine the extent of the damage done to your vehicle and to also determine the amount of value that you have lost. We may be able to get the estimate from the repair facility if you do not have a copy on hand to email to us. Please provide the name and location of the repair facility. 

2. We will need you to contact the “at fault” insurance company (the insurance company that paid for the damages) and have them open a “Diminished Value” claim. This will not have any negative effect on you, your insurance policy, and / or your insurance premiums. Typically, you simply contact the same claims adjuster that assisted you in your claim. 

Once we have the estimate and the claim has been opened, we will begin our assessment process. We will then determine how much, or if we feel that you will qualify to receive money from the insurance company. We will do all of this free of charge as we do not wish to charge anyone for a service that we do not feel that we can provide. If we feel that you can receive money, we will then request payment for the report that we provided and that you’ll need to provide to get the Diminished Value from the insurance company. 

We sincerely look forward to helping you get the extra money that you deserve!