The Diminished Value Recovery Process

These are the typical steps in the diminished value recovery process:

Supporting Your Claim for the Vehicle's Lost Value
    The first step is to support your claim that despite quality repairs to your vehicle, it has lost value as a result of having an accident history. The specific dollar amount of the diminished value is determined after evaluating the vehicle's value prior to and following the accident with consideration of the severity and type of vehicle damage sustained, among other factors. An independent appraiser with a strong knowledge of collision damage analysis and vehicle market values may be retained to assist with this determination.

Submitting Your Request to the Responsible Party's Insurance Carrier
    Once the amount of your vehicle's diminished value has been established, a demand to the insurance carrier for payment of your vehicle's diminished value will be presented along with appropriate supporting materials.

Settling Your Claim
    What happens next depends on the response from the insurance carrier. They may offer to settle your claim for the amount demanded, make a counter offer, or reject your demand outright. If the claim is not quickly settled, proceeding to litigation may be your most effective option. The key to successfully pursuing your claim is being properly prepared, and the most effective way to do that is through representation by a qualified attorney.

How We Can Help

If your case meets our qualifications, can help you collect what you're owed. In most cases, our attorneys will represent you on a contingency fee basis, meaning we only get paid when you do. (By the terms of the contingency agreement, you will be responsible for out of pocket costs incurred by us, such as court filing fees, appraisal costs, etc.)

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