Diminished Value and Property Damage Claims
Bill Allen | August 20, 2015 | News
Have you ever had an accident within a year or two after buying the car
of your dreams? If you have, you may have experienced a significant loss
of value, or ‘diminished value’ when trying to later sell
that vehicle that has been damaged in a crash. It can significantly impact
your selling price.
What is diminished value?
When your car is damaged in an accident, its value drops even it get’s
repaired by the most trustworthy professional. When you drive into a dealership
to sell your car, they may immediately reduce their offer by 30% simply
because your car has been damaged in an accident. The offer may even be
more insulting if the car sustained frame damage.
Our firm specializes in making certain you do not experience a Diminished
Value claim when the accident was not your fault. We ensure that a claim
is filed for that specific reason, and that we do it within the time limit
required to prevent the insurer from rejecting your claim outright.
Do you know someone that may be experiencing a diminished value or property
damage claim? We can discuss these issues today. The Allen Law Firm, P.A.
is ready now for an immediate free consultation.
Our Gainesville and Ocala attorneys focus on personal injury, wrongful
death, and insurance disputes, whether they are no-fault, or someone else’s
fault. However, we will gladly discuss any legal issues to determine if
we can be of assistance. When you select the Allen Law Firm, you will
be provided with excellent legal counsel and unparalleled customer service.
We will be available when you are, whenever you need us.