Norman signed up for a free claim consultation through our website after doing his own research and getting an initial offer on his BMW diminished value claim of around $3000. Hit by a drunk driver, he was having a hard time proving the amount he was owed, but he was SURE it was more than he was being offered. His practically new BMW now had an accident history and he would pay for it as soon as he walks into any dealership to trade. (more…)
One of the most common questions I get comes from customers who have been negotiating for the recovery of their lost market value and get told by an adjuster that the amount of inherent diminished value they want is only an opinion. Faced with this argument, the customer wants to know what to say.
A claims representative or adjuster that simply refuses to acknowledge lost value and pretends that there is no way to prove the loss is a common obstacle and a tactic that is successful when there is an uninformed accident victim. Don’t buy it! Get informed and read on. . . . (more…)
Tesla Model S – Diminished Value On A Rare Vehicle
Recently, I was asked to review the impact a collision would have on a relatively rare vehicle, the Tesla Model S. The review was challenging because the vehicle doesn’t have many of the mechanical components that a traditional internal combustion engine vehicle has. Additionally, there has been some reservations about the safety of the Tesla due to recent reports of fires ensuing after collisions (undercarriage damage to the battery bank). (more…)
The subject of determining fault has no doubt spawned many a fist fight, and the debate on the best way to allocate fault is still alive and well.
This subject can get very complicated, but I’ll try and simplify it down to a quick study.
I have to say that negligence laws differ in each State, so I am going to generalize and speak about negligence and fault as it is addressed in the vast majority of the United States, and we’ll omit specific exceptions due to locale. If you have a specific question about tort liability or negligence in auto accident, please seek out a competent attorney or professional. The information presented here is not legal advice and is for informational purposes only. (more…)
As a former liability adjuster, I cannot count the times that an individual threatened a lawsuit in an attempt to get more money.
I would like to make the point that adjusters are calloused to the threat of a lawsuit. Many times, the adjuster’s ignorance is the reason they do not respond. It is rare for an adjuster to actually be involved in the negotiation of an actual suit, so they never get real experience and hardly ever actually hear or see what the staff attorney or hired attorney does to get the suit settled. Threatening a suit is rarely useful unless the threat is clearly credible.