Car accident victims can often pursue compensation for the damage their vehicle suffered in the crash. In addition to the cost of repairs, they may also seek money for the diminished value of their car.
When a crash occurs and a car sustains damage, the repaired vehicle typically will not resell for as much as it would if it had not been in a collision. Thus, the difference in its current resale value and the resale value just before the crash is the diminished value.
An auto accident lawyer from Ged Lawyers can assess your legal options after a crash and handle the claims process for you. We offer free initial consultations, during which you can ask any questions about your case.
How Ged Lawyers Handles Diminished Value Cases
Ged Lawyers’ auto accident team represents collision victims in Florida and Massachusetts. If another driver’s carelessness or recklessness caused your crash, we are here to assess your case and determine your legal options. We help clients pursue and recover compensation through negotiated insurance settlements and civil lawsuits.
Our case results show that our lawyers know how to navigate the process and recover fair compensation for our clients. We fight for the money we know they need and deserve, using evidence from their crash to hold the at-fault driver responsible. When you retain a lawyer from our firm, you can expect them to:
- Handle all case communication for you
- Assess your accident
- Speak to expert witnesses who can help us determine the value of your vehicle
- Advocate for you throughout the legal process
- Explain the laws that apply to your case
- Answer all your legal questions
- Remain in contact with you throughout our partnership
Ged Lawyers Can Handle Your Diminished Value Case Without Charging Upfront Fees
At Ged Lawyers, our attorneys get started on car accident cases with no upfront fees. We do not ask our clients to pay us until their cases are settled and we’ve secured compensation for them. We represent clients who endured property damages and serious injuries in auto accidents every day.
Our firm also offers free case assessments. You can speak to a member of our team and learn about the next steps in your case without paying us anything.
Former Clients Trust Our Diminished Value Claim Lawyers
We’ve received numerous five-star reviews from former clients. After they have trusted Ged Lawyers to manage their cases, previous clients say:
- “Excellent intake and discussion about the process.” – John
- “Knowledgeable, great communication, and friendly.” – Gina
- “Very helpful and professional customer service. Superb experience. Highly recommend. Service from start to finish and some more.” – Eyad
Building a Case to Support Your Diminished Value Claim
Whether your accident was an 18-wheeler collision or a parking lot fender bender, you likely have some expenses and losses related to repairing your car. The at-fault driver’s auto insurance coverage should pay for repairs, your rental car, and more. One of the recoverable damages in these claims is diminished value.
Property damage claims are sometimes straightforward. You receive an estimate for the cost of repairs, and you have a receipt for your rental car costs. You can use these documents to show the recoverable costs in your property damage claim.
The concept behind calculating diminished value is generally straightforward. We must identify:
- The pre-crash sale price of the vehicle
- The sale price of the vehicle after the crash and repairs
Subtract the post-accident total from the pre-crash value, and the result is your diminished value. However, determining these prices is not always easy. While using tools to determine the value or looking at comparable sale prices is the easiest way, many factors affect the value of a car. You also must consider:
- The car’s age and mileage
- The vehicle’s condition and upkeep
- Any other accident history
- Upgrades and other additions to the vehicle
- Whether it is a classic or limited-edition car
- Other noteworthy information about the vehicle
You Should Consider Hiring an Attorney Immediately After Your Collision
Some accident victims handle their property damage claims on their own. They get estimates, gather documentation, show fault, and negotiate with the insurance adjuster for a fair payout. However, this process does not always go smoothly.
Hiring a lawyer from the start allows you to focus on other tasks, such as recovering from any injuries and returning to work. Calling us when you encounter an issue means we can step in and handle your claim, ensuring your rights remain protected.
We encourage you to contact our team for a free case review if you encounter any issues with the at-fault driver’s insurer, including:
- Refusing to pay a fair settlement
- Unfairly denying your claim
- Failing to explain why they denied your claim
- Delaying your claim significantly
- Telling you to file a claim with your own insurer
- Refusing to cooperate with your case
You Could Recover Other Damages After a Car Accident
Florida and Massachusetts use a no-fault system for car accident injuries. If you suffer minor or moderate injuries, you will file a claim based on your insurance policy. When you have serious injuries, you might qualify to pursue fault-based compensation for these damages. You can also pursue fault-based property damages if another driver causes your crash.
If you have serious injuries and need to hold the at-fault driver responsible, our team can represent you in both your personal injury and property damage claims. We seek fair compensation for clients based on their current and future accident-related expenses.
We will explain your legal options based on the facts of your case. We can offer advice and guidance about filing fault-based claims to recover medical bills, lost income, pain and suffering, and other damages.
Discuss Your Legal Options With Our Team Today for Free
Ged Lawyers provides free consultations for crash victims. If you suffered serious injuries or had property damage and need help pursuing fair compensation for your losses, we are here for you. Do not agree to a settlement from the insurance carrier without knowing the recoverable damages in your case.
Contact us on the phone or by using our online contact form today.