A car accident is a frightening and emotionally draining experience. There are many questions following a car accident regarding the safety of everyone involved, who is at fault in the accident, and what insurance will cover. After the dust has settled from the accident, understanding that your vehicle’s diminished value may add to your frustrations and anger. Diminished value can often be overlooked. However, even in a vehicle with quality repairs, your vehicle will have a lower value after an accident, resulting in diminished value.
Hale Injury Law is the diminished value firm to use in Las Vegas. Attorney Leila Hale has extensive experience fighting diminished value cases and works tirelessly to make sure her clients get what they deserve.
What Is Diminished Value?
Diminished value can often be overlooked. Read below to learn more about how diminished value may affect your situation.
Understanding Diminished Value
The definition of diminished value is the change in market price for a vehicle before and after an accident. Even if the car has been fully repaired by a reputable auto repair mechanic or service center, the value of the vehicle will not be the same as before the accident. However, it is possible, and you do have the right to file a diminished value claim with your insurance company to make up for some or all of this loss.
Types of Diminished Value: Knowing Your Claim
There are three common types of diminished value claims.
Inherent Diminished Value
As mentioned above, your car will lose value after an accident, no matter how major or minor the accident may have been. When filling this type of claim with your insurance company, the insurer is requested to pay the difference between the value of the vehicle before the accident and after the accident.
Immediate Diminished Value
An immediate value claim is less commonplace and occurs when a person is filing a claim with the insurance company asking to be compensated for the vehicle’s loss in value immediately after the accident occurs and before any repairs have been done. While less common, this is the type of claim you may see in court.
Repair-Related Diminished Value
A repair-related diminished value claim is for when the repairs on your vehicle post-accident were not done correctly or when the overall quality of work was poor. This can cause the value of your vehicle to drop even more than it would have from the initial accident. Making a repair-related diminished value claim is when you seek compensation for the additional loss in value.
The Process of Suing for Diminished Value: What You Need to Know
You may feel intimidated by the idea of pursuing a legal claim or learning how to sue for diminished value; however, the team at Hale Injury Law can easily assist you through the process.
A person can claim diminished value in three circumstances. The first circumstance is that you were not liable or at fault for the accident. The second is that the damaged vehicle is owned or financed by you. Lastly, the vehicle was not totaled but repaired.
When you plan on filing either an insurance claim or a personal injury lawsuit, the first step is knowing how much you plan to claim in damages and exactly what you are claiming them for. Personal injury lawsuits are often caused by negligence. Once negligence has been proven, it’s important to determine the lost value or if the car’s total value was possibly underestimated.
If you feel you need additional information about how to sue for diminished value, the attorneys at Hale Injury Law can help you determine the appropriate amount of what you are owed and how to receive the full compensation that you deserve.
How To Sue For Diminished Value
When you are suing for diminished value, you need to first look at your vehicle’s value by using a resource like Kelley Blue Book to determine the value before the accident based on facts such as the make, model, and year. Your next step is to determine the state laws based on where you reside regarding diminished value claims. It also needs to be determined if the driver at-fault insurance company will cover diminished value claims. You will also need an attorney who specializes in diminished value cases. The team at Hale Injury Law can assist you in determining the appropriate value that you are owed.
Why Choose Hale Injury Law for Your Diminished Value Claim
Obtaining the right attorney is of the utmost importance. When looking for the best diminished value attorneys in Nevada, look no further than Hale Injury Law. With countless years of experience in diminished value cases and working with insurance companies, Hale Injury Law is committed to getting you what you deserve.
By easing the stress of the overall experience, Hale Injury Law attorneys can get you the most compensation for your claim. Insurance companies pay as little as possible, as their loyalties do not lie with the injured party. Having help from an experienced lawyer will maximize your compensation as you are supported throughout the process.
Hale Injury Law has countless positive reviews, including this one by Dyane F. – “I highly recommend for anyone that is seeking an attorney. They don’t make you feel like you’re just money to them. They really do care…”
Our Commitment to Diminished Value Claims
Hale Injury Law attorneys are committed to diminished value claims as they have a deep comprehension of the games that insurance companies can play, and they use their own skills and experiences to help the injured party receive the compensation owed to them.
When finding a lawyer, specifically a Las Vegas accident attorney, Hale Injury Law is consistently the right choice. As frequent award winners, they have countless years of experience in not only diminished value claims but workplace accidents, pedestrian fatalities, negligent or reckless medical acts, spinal cord injuries, motorcycle accidents, sexual abuse cases, slip and fall accidents, and more. Hale Injury Law wants to help.
Starting Your Diminished Value Claim With Hale
Taking the first steps toward the compensation you deserve can be difficult and extremely stressful if you do it alone.
Having an experienced lawyer by your side makes all the difference in recovering the compensation you deserve and receiving the support needed to move forward with your case and seek justice.
When retaining Hale Injury Law, you will be placing yourself in the hands of an experienced, knowledgeable, and reliable diminished value attorney. Diminished value claims can be difficult to prove, and having a seasoned attorney on your side can make all the difference. The team at Hale Injury Law does everything they can to help clients recover financially, physically, and emotionally.