Shane is an attorney so he was well aware that diminished value was owed to him after he was hit in his 2007 Aston Martin Vantage.
He definitely had an advantage when it came to negotiating his claim but he did rely on our knowledge and highly technical report to prove that his loss was substantial despite the fact that his luxury car was repaired perfectly by the best in Dallas.
He knew that his Aston Martin diminished value claim was going to run pretty high but he had to prove it!
Steve got in a serious accident with over $17,000 in repairs to his 2011 Chevrolet Silverado. His injury attorney helped him research Diminished Value and that is when he found us! His truck puts in a lot of heavy duty miles, being a work truck, so Steve knew that he had suffered a loss that he would pay for the second he decides to trade in. (more…)
Throughout the country, individuals are realizing that they have a right to recover the inherent lost market value (diminished value) that occurs after a vehicle has been wrecked and repaired.
UPDATED JAN. 2016
There are only two states where case law does not support recovery of diminished value in a negligence cause of action. California is not one of those states. New case law in California is clear that it IS possible to recover for the diminished value of your vehicle if you are able to prove your loss. (more…)
For Arizona diminished value claims, there is case law that is exactly on point. It is a case styled “Paul Oliver v. James Henry”. A Google search will surely land you with a copy of the case, or you can request a copy directly from my office and we’ll send you the full case for free. That case law says that a vehicle owner can hire an expert appraiser to document the lost market value due to damages, and that an expert appraisal or testimony is sufficient evidence. This means that if you want to recover your Arizona diminished value claims, then the quality of your expert is really the thing that matters most.
Does that answer all your questions? I didn’t figure it did. Let’s break it down by the most frequently asked questions after learning that diminished value in Arizona is supported by law. (more…)
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…)
Is automobile diminished value a fact? If so, then how does one prove the exact diminished value? Is there anything fake about diminished value?
In almost every successful recovery, an expert report on diminished value is required. As an expert in diminished value, my research indicates that diminished value exists in almost every case where a vehicle has been wrecked and then repaired. Generally speaking, the lesser the value of the car is before the wreck, the lesser the diminished value is after repairs, but not always. There are many factors that should be evaluated in order to properly determine the amount of diminished value suffered by a vehicle.
Here are seven things you can look for to see if the report from your diminished value expert is based in fact, or if it is faked! (more…)