Wreck Check Atlanta

Yesterday we went to court on behalf of our client who was rear ended by an Allstate insured, he had a 2014 Lexus ES300h that had $11,000 worth of damages. Allstate wanted to only pay $1,900 in diminished value, we ended up getting him $5,900 in loss of value after I gave my expert testimony. It pays to hire Wreck Check Atlanta

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How long will the damage history of my vehicle affect its value? Once the damage history of your vehicle is published in a CARFAX or other publicly available report, it will remain visible to potential buyers and car dealers for its remaining life. You’ll continue to receive private sale and trade-in offers that are reduced to reflect estimates of this diminished value. The longer you own your vehicle, the less your vehicle’s accident history will affect its value. By maximiz...ing your diminished value claim as soon as possible after the accident, you’ll have the option to: Sell your vehicle now if you are concerned about its safety and history and apply your recovery to the purchase price of a replacement vehicle. Hold onto your car for as long as you can and use the proceeds from your diminished value claim for something else. Regardless of whether you plan to keep or sell your vehicle, it’s essential that you recover this lost value as soon as possible.

Do You Have Diminished Value? Use this diminished value checklist to help determine if you have a diminished value loss. You may be able to file a claim to recover it if the following applies. Your vehicle: Is newer with lower mileage... Was in good condition prior to the accident Does not have a previous accident history or if it was in an accident, the previous damage was minor Another driver was at-fault in your accident You own the vehicle and it’s not leased A newer vehicle has the potential for more diminished value because it has a higher fair market value than an older vehicle does prior to an accident. See more

Trying to get diminished value without a full understanding of how much is owed or an understanding of how insurance companies work is the equivalent of driving an obstacle course blindfolded. Hire us to help you! You don't know what you don't know! For more info: Visit our website: http://www.wreckcheckatlanta.com Call us and we will coach you through the process: (770)545-5617

You’ll need to demand payment for your diminished value loss. The best way to make that demand is by ordering our diminished value appraiser report. We’ll create a customized report using a format widely accepted in the insurance industry that will provide all the details you need to demand payment from the insurance company and recover your lost value.... When the insurance company sees your report, they’ll know that you’re serious about recovering your diminished value and they’ll act quickly to make you whole. Diminished value responsibility is no laughing matter. You’ve suffered a real loss and need to be made whole quickly.

How can you negotiate a better settlement for my vehicle? Each total loss settlement is unique and each circumstance must be individually evaluated to achieve the best settlement. However, our experience and knowledge of the valuation methods used does enable us to provide a superior level of service that results in a high success in rate in obtaining greater settlement offers

Why should I care about diminished value? Your insurance company will pay to repair your vehicle, but after a collision, it’s less marketable than before the wreck. When you sell the vehicle, you will be forced to absorb a loss, unless you make a Diminished Value claim. For example, if your $30,000 vehicle is repaired after a major collision, it may only be worth $20,000. Is that fair to you? No! A Diminished Value claim allows you to get a settlement for the difference in ma...rket value for a pre-and-post crash vehicle. It is almost impossible for an insurance company to deny a diminished value claim to an insured claimant.

Do I have the right to get my own diminished value assessment report? Yes. You have the right to hire your own impartial, licensed appraiser to help determine the loss of your diminished value. The at-fault insurance company is required to take your independent assessment into consideration.

Do I need a lawyer to recover my diminished value? In most cases no. If you hire a lawyer to present your diminished value claim, they will require you to pay them up to 33% of your settlement in order to represent you. Having a lawyer will not necessarily result in a higher settlement to you. In addition, insurance companies aren’t intimidated by lawyers because they are constantly involved with lawsuits and deal with them every day. Our professionally prepared reports will ...give you the option of presenting your demand for lost value directly to the insurance company without using a lawyer. If the insurance company refuses to pay or won’t make a reasonable offer, you can still file a lawsuit in small claims court yourself. If your claim goes to small claims court and is backed up with detailed report of your diminished value loss, it will usually force the insurance company to raise their offer. After all, no one likes insurance companies and judges and juries will be quick to support you as an average consumer simply trying to be made whole for your loss. These insurance companies will also be motivated to make a more reasonable settlement offer in order to avoid the costs of defending against your claim.

How hard will the insurance companies fight to limit the amount of my diminished value? You should expect them to prevent you from recovering diminished value for minor, insignificant damage. However, with the help of an experienced industry professional, it is still possible to maximize your settlement.