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Welcome to ADR-Claims, where we are committed to making your insurance claims process as smooth and fair as possible. Our mission is to ensure that you receive the equitable settlements you deserve through our expert appraisal services and unwavering dedication to integrity and professionalism.
Your health and safety are the most important things to focus on after a car accident. Once you have received the care you need and you are in a good state, you will need to check other things, like your car. The damages your car incurred because of another driver’s fault diminished the value of your vehicle.
Even with high-quality repairs, a car often cannot return to its original condition and appearance after an accident. Whether or not you plan to sell your car soon, it will be worth less than it would have been if the accident hadn't occurred. This drop in value is called diminished value or diminution in value.
You can file diminished value claims in California to get compensation for the reduced value of your car after an accident. It has a liberal time limit of three years from the date of the accident.
When your car’s value is depreciated because it had an accident, it is commonly referred to as inherent diminished value. Even if the car is repaired properly, it will still bear the brunt of the accidents as its value will be less than that of a car that has never been in an accident. This is the most common and highly accepted type of diminished value.
If a car is in an accident and not fully repaired, it will eventually lose value and fall into the category of repair-related diminished value. Whether the car has internal damage or visible dents, its value will be lower because of incomplete repairs.
The moment the car meets an accident its value gets depreciated before the owner even gets a chance to fix it. Immediate diminished value is the difference between the value of the car before it had the accident and right after the accident, before any repairs are made.
What adds to the dilemma of the car owner is the easy availability of Carfax reports which allows potential buyers to view your car’s accident history. This makes it tough to sell your car and you have to settle for less money. If you try the dealership way, they might refuse to take it or offer you a much lower trade-in value because of the accident.
Our qualified experts will take into consideration the history of the vehicle. This allows us to provide you a clear estimation of the value that you can present to the bank, credit union, insurance companies as well as potential buyers.
Navigate the complexities of diminished value claim in California smoothly with ADR-Claims! Our professional team has the experience and expertise to guide and support you to rightly address your case and get fair compensation for the personal injuries you incurred and the diminished value of your vehicle.
Get in touch with one of our representatives to schedule a free consultation to learn more about our services. We are here to assist you!