Diminished Value
Diminished Value Claims Attorney
At the most fundamental level, the true value of property is simply what someone else is willing to pay for it. This basic economic principle applies to all goods and services, including motor vehicles. With the rise of extensive vehicle records, data and histories, which are currently easily available online, automobiles now lose value simply because they have been in a crash. Certain buyers will automatically avoid purchasing any car that has an accident history. This brings down the real value of a car that has been in an accident, even after it is fully repaired.
Yet, many insurance adjusters still fail to account for this incredibly important detail. As such, many accident victims are not offered compensation that is equivalent to the fair market value of their damages. Do not let this happen to you. You can fight back against the big insurance companies,
If your insurance adjuster has not offered you fair value for your vehicle’s damages, including a calculation for how much the accident has diminished its resale value, our experienced Chicago diminished value claims lawyers can help. For immediate assistance with your diminished value claim, please call us today at 833-GET-PAID.
Diminished Value Claims Under Georgia Law
In Georgia, the big insurance companies generally use a procedure known as ‘17C’ to calculate damages associated with diminished value. Under the state’s regulations and case law, insurers are required to account for any depreciation (inherent diminished value) that occurs to a vehicle as a result of it simply being in a crash.
It should be noted that these calculations are somewhat opaque. Sadly, insurance companies try to exploit the inherent ambiguity in calculating diminished value, and in turn, try to push accident victims into wholly unfair settlement offers, pocketing the extra money for themselves. You need to know your rights: Under Georgia law, you deserve full compensation for any market value that was lost by your vehicle due to a crash.
What Our Chicago Diminished Value Lawyers Will Do For You
At 833-GET-PAID, our Chicago auto accident attorneys have helped many crash victims pursue diminished value claims. When we represent you in this type of case, our team will work aggressively to help you obtain every penny that you are rightfully owed under Illinois law. The simple fact is that the true market value of your vehicle must be properly considered. Some of the specific things we will do for you include:
- Thoroughly reviewing the terms and conditions of your policy;
- Appraising the full extent and vehicle value loss caused by your accident;
- Quickly drafting a demand letter, seeking the full diminished value settlement you deserve;
- Negotiating with insurance adjusters; and
- If necessary, filing a diminished value lawsuit on your behalf.
Request Your Free Case Evaluation Today
At 833-GET-PAID, our Chicago car accident lawyers have considerable experience handling diminished value claims. You need an experienced diminished value appraiser by your side. For more information on what we can do for you, please call us today at 833-GET-PAID to schedule a free review of your claim.