When individuals are involved in a car accident, the damage they experience to their vehicles is often substantial. Even when vehicles are repaired, they can still lose a significant amount of their value. When a car accident results in diminished value, it is important to pursue compensation from the negligent party. A diminished value lawyer can help with this process.
Many people are not aware that they have a right to file a diminished value claim against the at-fault party. If you have been injured in a car accident, it is important to consult an experienced attorney as soon as possible to prevent any potential delays in filing a diminished value claim. In addition to ensuring that your claim is filed in the appropriate time frame, an attorney can also help you determine if you are eligible to receive compensation for diminished value loss.
The process of selecting a qualified diminished value lawyer can be daunting for some individuals. Fortunately, there are several tips that can help individuals find an attorney that is reputable and capable of handling their case successfully. First, individuals should always check an attorney’s background and education details before hiring them. Additionally, they should ask an attorney for referrals from past clients. These references can provide valuable information about an attorney’s competency and ability to handle a diminished value claim.
Individuals should also ask an attorney how they charge for their services. Most attorneys work on a contingency basis, which means that they only get paid if they recover compensation for their client’s diminished value claim. Additionally, they should ask an attorney about the amount of money they have recovered for previous diminished value claims.
It is also important to consider the fact that the at-fault party’s insurance company may be resistant to paying a claim for diminished value loss. This is because they may argue that your vehicle’s pre-accident value was significantly higher than its post-accident value. It is important to retain the services of a reputable diminished value accident attorney to fight the insurance company’s resistance and get you the compensation you deserve.
Imagine that you were in a bad car accident three years ago. You had the car repaired and a new title issued, but when you go to sell it or trade it in, a dealership tells you that your car is only worth a fraction of what it was worth before the accident. This is because most dealers and private purchasers look at a vehicle’s accident history before making an offer.
Fortunately, you can file a diminished value claim against the at-fault driver to recover the lost value of your vehicle. It is a legal right that you are entitled to under the law, and it can be difficult for insurance companies to deny a diminished value claim. If you have been in a car accident in New York, contact the diminished value lawyers at AutoLoss today. We have helped recover over $17,000,000 in the past year and can help you secure the full amount of diminished value you are entitled to.