Diminished Value Claim | Types Of Claims

Diminished Value Claim | Types Of Claims

Diminished Value Claim | Types Of Claimes

Diminished Value Claim | Have you ever had an accident so bad that your car was diminished? Isn’t that what all of us do after a massive accident? Well, you are wrong because all of those diminished cars still have value and they should be repaired to be used again because accidents can happen with anyone at anytime because accidents don’t tell us they are coming, they just happen.

What are diminished value claims?

Diminished value is defined as a portion of a vehicle which has not been restored by repairing it. There are 3 types of diminished values:-

1. Immediate diminished value:-

Immediate diminished value means that if a vehicle had an accident and he/she is paying for the insurance of the car, their car gets repaired by the insurance company using the immediate diminished claim. This is a quick service and it is better overall for anyone who has a damaged insured car.

2. Inherent diminished value:-

Inherent diminished value means that if a vehicle had an accident and that vehicle is not insured and it is repaired by a local car mechanic. Inherent diminished cars can be sold but their rate varies from car to car as they are damaged so they don’t have a good rate. This is also a good choice but only for those who haven’t got their car insured.

3. Total:-

A total car means that the car had a really bad accident and every single thing of the car has been destroyed or is not working. This is the worst case for car drivers. Even the insurance companies require some money from their client if the car is totalled and the drivers who didn’t insure their vehicle, they can sell the steel; metal and seats to some local workshop who is interested or the car needs to be fully repaired.

Value:-

All 3 types have some value. You purchased a car and even if it is totalled, you are going to get something out of it, maybe a couple of hundreds of dollars or maybe thousands but you can never lose hope and use the diminished car claim service.

If you’ve been in a car accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Total Loss Claim | Get The Best Settlement For You

Total Loss Claim | Get The Best Settlement For You

Total Loss Claim | Get The Best Settlement For You

Total Loss Claim | It’s not uncommon for a driver to have a vehicle accident that causes the car to be classified as a total loss. Since different insurance companies play by different rules and guidelines, it is essential for vehicle owners to know how to handle these claims so that they can get the best settlement possible from their insurance company or the other driver’s insurance coverage. With this being said, here are some facts that people should know about total loss claims.

Fact #1 – Insurance Companies Work on their own Behalf and Not on Behalf of the Person that Makes Claim
Previous years, most people looked to their own insurance adjusters to make sure that they took advantage of the maximum benefits that they were allowed. In fact, the insurance agent would often skim through the policy of the individual to see what the policy said so that the person could be made whole as quickly as possible. Unfortunately, this is not always the case since today’s insurance adjusters are being trained to work on behalf of the insurance company instead. Therefore, when a car is considered to be a total loss, the adjuster may automatically offer the least amount to the owner. Meaning the owner will need to know that the offer that they present may not be the best settlement that they can receive. Most people refer to this tactic as low balling it rather than trying to give the vehicle owner an amount that is really due to them.

Fact #2 – Vehicle Owners Need to Do their Research in Advance
Even though the insurance agent is skilled in the job functions that they perform, it is important to note that the owner should be familiar with how claims are handled and how the numbers are being produced. For instance, in Charlotte, SC and Atlanta GA, the laws that govern how insurance coverage are handled by the insurance companies will often determine how these calculations must be made. So, for vehicle owners who want to make sure that they are getting the maximum amount for their total loss claim, they may want to start their research by pre-calculating the amount that is due via cash value appraisal calculator. These can be found on online. This type of calculator is designed to provide the user with calculations based on the criteria that the insurance companies use (i.e vehicle mileage, year of the vehicle etc.).

Fact #3 – Be familiar with the Total Loss Claim Process
In addition to calculating the cash value of the car that was totaled in advance, vehicle owners must be familiar with the total loss claim processes in their states as well as their insurance providers. In some cases, this information can be found online. For instance, the estimated cash value will be determined by the mileage on the car at the time of the incident, additional amenities on the car (burglar alarms, new tires, etc) and damage that was done at the time of the incident (excludes previous body damage).

If you’ve been in a auto accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Diminished Value | There Is Something You Should Know

Diminished Value | There Is Something You Should Know

Diminished Value | There Is Something You Should Know

Diminished Value | What if you have a lot of money worth of car, and you suddenly bump into a massive collision? Who will fix all the expenses to make your car looks like brand new? You are right! If you have a credible insurance, they will help you repair all the damages and expenses without any fuss. Charleston insurance services at Ga, offer clients reasonable ways to assist them during the advent of uncertainty.But if you don’t have the best and reliable car insurance that will take care of your needs, your car most probably looks like ten years older after an accident with a diminished value.

What is the diminished value? Diminished value is a reduction of a vehicle’s value after it is wrecked and repaired. Normally, it is not the responsibility of an insurance company to pay for the vehicle’s diminished value. However, many insurance holders would claim that it is the sole liability of the insurance to pay for the diminished value after an accident.

For instance, You probably bought a brand new car. After you ride down the road and meet a terrible accident, your auto insurance will pay the repaired damages for your vehicle so it will look like new. However, you decided to sell your car so you will have a new one and forget the traumatic experience. As you move along, and you are about to hit a sale, apparently, your buyer is not willing to pay you anything closer to what your vehicle is worth because he knew your car’s history. Worst than that, he will abandon the chance of buying your car. So, it is an undeniable reality that you have suffered the effect far than the accident. The diminished value of your vehicle has caused you severe financial loss.

The real reason why insurance companies would not lift their fingers to shoulder the diminished value of your vehicle is simply that it is not their responsibility to fix the car to retain its condition before the accident. They can help fix the damages but not paying the loss value. Furthermore, to include the diminished value of an insurance coverage, pretty sure that customers have to pay thousands of dollars.

To receive the cover from Charleston insurance services, always check and confirm your insurance policy. When in doubt always ask questions so you will have no problems in the future. Nowadays, some insurance companies are covering the diminished value of a vehicle. For you to hit the right insurance that would match your needs, don’t hesitate to verify what information you know so there will be no regrets in the future.

If you’ve been in a car accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Diminished Value Claim | How to Make a Claim

Diminished Value Claim | How to Make a Claim

Diminished Value Claim | How to Make a Diminished Value Claim

Diminished Value Claim | The main reason why we undertake car insurance is to restore us to an early state in case of an accident. But no matter how well a car is repaired after an accident, its resell value will not be the same as if it was not involved in an accident.

However, as a car owner you can file for diminished value insurance claim. This will help you recover the loss in your vehicle value after the accident. At Southern Automotive Consultants we will help you carry a professional appraisal and documentation that will help you in car insurance claims.

How do I collect diminished value?

Most states allow you to collect diminished value depending on the policy agreement with the insurance company. Before making the claim, you are required to provide the insurance company with professionally prepared diminishing value report.

This report is prepared by an independent appraiser to help in determining the difference in value before and after the accident. The diminish appraiser states the methodology used at arriving at the final figure and states repair related diminished value where applicable.

What is the process of filling diminished value insurance claim?

Making a diminished value insurance claim does not necessarily mean that you want to sell your car. The first step in filling for diminished value is appraisal. It determines the loss in the vehicle value resulting from repairs. You can easily determine this by outsourcing the services of Southern Automotive Consultants.

Claiming for the diminished value from the insurer is however not an easy task, it involves continuous negotiation. One is not always guaranteed 100 per cent compensation of the diminished value. Dissatisfactions in the final compensation value can however be settled in court.

Visit our Charleston or Atlanta Office today to speak to an expert in vehicle appraisal field and get all your questions answered. We will ensure that you get it right at the first time while filling for diminished car insurance claim.

If you’ve been in a car accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Diminished Value | How Can You Qualify

Diminished Value | How Can You Qualify

Diminished Value | How Can You Qualify

Diminished Value | In case your car faces an accident, then its value will significantly decrease. Even if you repaired it perfectly, and it looks just like it used to, still its present value will be much less than what it was worth before the accident. However, you can recover the difference, if you file a diminished value claim. Southern Automotive Consultants will file the diminished value claim on your behalf. All the legal formalities will be handled by Southern Automotive Consultants.

However, not all vehicles qualify for a diminished value claim. The rules for diminished value claims varies from state to state. Whether you are living in Charleston, Georgia or Atlanta, your state will have its own rule. However generally, in order to qualify, your car must have a significant market value. It should be at least worth more than $7000. It should also be relatively new. Vehicles which are older than 10 years generally do not qualify. Also, the repair cost should also be significant. Generally, vehicles with repair costs more than $500 are eligible. Before making a claim, you should make sure that you are eligible. Southern Automotive Consultants can help you determine whether your vehicle qualifies or not.

In order to file a diminished value claim, you can take the help of Southern Automobile Consultants. Actually, it is the insurance company which will be determining the value of your claim. If they think, that the repair costs are very high, then they will just consider your vehicle as a ” total loss”. Since it is the insurance company who will be paying the compensation, they will obviously try to minimize the amount as much as possible. Hence, you should try to calculate the value of your car by yourself. There are lots of websites which will give you an accurate value. There are also professional car appraisers at Southern Automotive Consultants. They will determine the value of your vehicle, and make sure that you are getting the correct amount.

If you’ve been in a car accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Diminished Value Claim | Your Solution to Diminished Value Claims

Diminished Value Claim | Your Solution to Diminished Value Claims

Diminished Value Claim | Your Solution to Diminished Value Claims

Diminished Value Claim | At Southern Automotive Consultants we educate people in Diminished Value. We teach people who live in areas such as Charleston, SC, and Atlanta, GA among other areas on how to make claims successfully. Herein is a brief information

What is this Diminished Value?

Diminished value can be simply defined as the portion of any damaged vehicle pre- loss value which has never been restored before through the process of repair. They are 3 main types;

• Immediate diminished value

• Inherent diminished value

• Related repair diminished value

How to have the diminished value

If your vehicle does not have a prior damage history, then you will get the diminished value. To find out, just request the free inherent value estimate. This is going to help you know if you should go on pursuing the diminished value claim.

Qualification of Diminished Value

The question is, do you qualify? Well, all vehicles which are damaged and repaired always suffer some amount of diminished value. However, it is not all the situations will qualify for a claim from a company. Some of the determining factors include;

• State in which you live

• How the damages occurred

• Whether you were at fault or not

After Qualifying, What Next

After you qualify, the next thing is to know how much you are owed, then understand the process involved. With this, just look for the services of Sothern Automotive Consultants. It is at this stage where you will know how the services are helpful in this process.

Total Loss process

The 1st thing you should have in mind is that it is the insurance company which is going to decide whether it will ‘total out’ or repair your vehicle. This will be based on the company’s best interest.

The company will look at the value of your vehicle and render it a total loss if the repair cost is estimated to be over 70% of the pre-loss value of the vehicle.

The problem is that it is the company which is responsible for reimbursing the value of the car that is going to determine the value

Why You should Work with Southern Automotive Consultants

This is the right company for you because it has a recovery rate of 97%. It has been in existence for more than two decades. Southern Automotive consultants are professionals who are confident that they will help you recover your diminished value. It has a good number of money guarantees if it fails in the mission.

 

If you’ve been in a car accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Auto Insurance Claim | How Can They Help?

Auto Insurance Claim | How Can They Help?

Auto Insurance Claim | How Can They Help?

Auto Insurance Claim | Basic Automotive Insurance is mandatory for any vehicle traveling in the country, but it also insures different offers or additional coverage packages according to the needs and interests of the customers.

Many people do not know what the advantages are of having these extra-covers and instead, the downsides of not having them go beyond being obliged to hire the “civil responsibility”. It is therefore necessary to take other decisions to protect oneself, the family and the car.

Why do you need a good auto insurance claim?

The driver who has auto insurance will drive with confidence, thanks to the support that companies provide for any inconvenience in the street, from shocks to theft, damage through natural or malicious causes. This does not mean you have insurance to cover all coverage against all risks.

Auto Insurance Claim Benefits

Drivers are to be protected against theft and damage to property; take care of the investment value of the car; travel with confidence; protection in case of accident, whether on the road, busy roads, streets, etc; will also take responsibility for damage or loss (partial or total), third party liability, medical expenses, legal advice and bail, among others benefits and finally, you can purchase a policy that covers even cases where the driver is responsible of the run.

Summary of advantages:

If you’ve met with an accident, an auto insurance claim will help you get back to where you were. There are a number of other benefits as well. Let us take a look at a few.

1. It resets your stolen car.
Do not worry if your car has been stolen or damaged. Your insurance may have it covered.

2. Pay and hail damage to third parties:

An accident, even reckless, does not excuse responsibility. Your insurance claim can help you to pay off some of the amount that can be due.

3. Lawyer and deposit:

If a person’s reckless mistake causes you injury, the insurer gives you his help.

4. Road Assistance:

If you have any unexpected happening on the road, the insurance company helps you with crane, petrol, a locksmith, wheels etc.

5. Covers fatal accidents of the third party:

If you have an accident and the injured dies, the insurance compensates you for the loss.

6. Life insurance:

In case of death by accident, it protects your family. The right auto insurance claim is what you need to protect yourself and your car. It’s time to get one today!

If you’ve been in a auto accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Diminished Value Claim | How to Reclaim the Value of your Vehicle

Diminished Value Claim | How to Reclaim the Value of your Vehicle

Diminished value claims Atlanta | How to Reclaim the Value of your Vehicle

Diminished value claims Atlanta | The purpose of car insurance is to enable car owners to recover the value of their cars after an accident. However, after an accident, it is most likely that the value of the vehicle will go down if compared to a car that has not had an accident even if the best repairs are done on the vehicle and it looks new.

Diminished value claims enable car owners to recover the difference in the value of the car between a car’s value before accident and after an accident and repairs.

How to qualify for diminished value claim

Diminished value experts are of great help when it comes to the processing of diminished value claim and total loss claim. However, to qualify for compensation for a diminished value one must meet certain criteria such as:-

  • The state one lives
  • How the accident occurred
  • If it was one’s fault.

What’s the process of filing a diminished value claim?

To file a diminished value claim one must have a loss report documented and certified by a qualified automobile appraiser. The automobile appraiser will do an appraisal on the vehicle and give you a report to present to the insurance company. With this certified report, you are ready to approach the insurance company for compensation.

If you are looking for a diminished value expert in Charleston, SC and Atlanta, GA, Southern Automotive Consultants, will assist you to easily recover the diminished value of your car. They are trusted for the 97% recovery rate.

What is the total loss claim process?

Insurance company usually makes a decision based on their best interests. An insurance company will render a car a total loss when the cost of repair is estimated to be more than 70% of the vehicle’s actual cash value.

With the assistance of Southern Automotive Consultants, you will be able to know the true value you should be compensated. They will give you a well written appraisal report of your vehicle and the value you should be compensated.

If you’ve been in a car accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Diminished Value Claim | How to Qualify

Diminished Value Claim | How to Qualify

Diminished Value Claim | How to Qualify

Diminished Value Claim | Diminished value claim is the difference between the market value of your damaged vehicle before the damage and after the repair. It’s actually that part of the vehicle that has not been repaired. Normally, you will file for a diminished value against the insurer of the fault party and not your insurer. If you are not sure how to go about it do not hesitate to contact Southern Automotive Consultants.

All cars that are damaged and repaired in Charleston, SC, and Atlanta, GA often suffer some amount of diminished value. However, it’s not a must that you can file for diminished value for all damaged cars. Some of the things to consider include how the damage occurred, whether it was your fault or not and the state in which you live. Remember, not all vehicles that have been damaged and repaired qualify for this. For instance, if your vehicle was not worth much or if the accident did not inflict a lot of damage, it will not qualify for this. Also, the amount that the car decreases in value may be too small to file a claim.

If you want to file for a diminished value, it’s important to prove your claim with supportive documentation. You can do this alone or hire a private company such as Southern Automotive Consultants to do it on your behalf. Even if you do this, it’s possible that the insurer may argue about the same. It’s not a must that the insurer pays you for diminished value. It must first prove that your car’s market value diminished after the accident. The best thing to do in Charleston, SC, and Atlanta, GA is to talk to your claims adjuster.

When the repair is estimated to be over 70%, the insurance company may render the vehicle as a total loss. Before doing anything, you need to check the value of the vehicle at any websites such as www.kbb.com or search at www.cars.com for similar vehicles with the same mileage and then finally call Southern Automotive Consultants, who are professionals and know what your car is worth.

If you’ve been in a car accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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Total Loss Claim | Get the Real Value of Your Car

Total Loss Claim | Get the Real Value of Your Car

Total Loss Claim | Get the Real Value of Your Car

Total Loss Claim | If you have a total loss claim, then you will soon learn that insurance companies are not as “consumer friendly” as they claim in T.V. commercials. Every day we hear horrible stories about people getting offers for their total vehicle loss low as $50. The question usually asked is, is this legal? What is the process of settlement? We have written prior articles on the subject creating a lot of interest, so we decide to do your best to summarize the process and show you how you can protect your rights. The best location to find total loss claim is in Charleston, SC and Atlanta, GA.

The insurance adjuster still has the discretionary power to add or subtract certain things, for example, if they believe the car is in exceptional condition, they might add $200 to their offer. If the car has prior
damage, then they will reduce what they believe it is adequate.

Here is where the “negotiation” begins. The total vehicle loss is a negation; however we put it in quotes because it will not appear to be one. The total loss adjuster will give you an offer and tell you that it is a final offer, then cut the rental car (actually, they will cut the rental car the day they tell you to have a vehicle total loss claim, some jurisdictions allow for three days after that), and tell you that if you do not settle, then they will deduct the value of salvage of the car and send you whatever is left.

Is that legal? Yeah, it is. As long as the offer was within the “range” that CCC (or the third party company) gave and the rental regulations are within the “state law requirement”, insurance companies have the upper hand. Can you protect yourself? Yes, there are ways to defeat the above situation. You need to ask for the CCC report. This is critical. The insurance companies MUST (not optional) give it to you. They must give you the numbers they are looking at.

You can dispute this report if you believe they are not taking into account things they should be taking into account (your low mileage, for example). It is important to you do not forget about the original estimate of repair. If the insurance company is trying to make a value of your car so low, then ask them if they would fix it. If you can “pin” down what percentage do they use to declare a total vehicle loss, then you can use a reverse math approach to argue that they need to fix the car (they will not do that). The only way to truly win your total vehicle loss is by having all information in front of you. Do not settle until seeing everything. You will be surprised how many “mistakes” or how many things they “overlook” when

If you’ve been in a auto accident in the past 3 years, your insurance company probably still owes you money that you never collected! You probably weren’t told about it, but in most cases you’re entitled to collect “Diminished Value” (in addition to repairs) on your damaged vehicle…and it could be thousands of dollars! Contact us today to see if you qualify for a diminished value claim.

  • South Carolina Offices: 678-794-2878
  • Atlanta Offices: 404-392-4822

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