If your car incurred major damages from an accident caused by another party and is currently being repaired, this car may never be the same again. Any time a car is repaired after an accident takes place, the car will automatically lose value simply because it was wrecked. This is called diminished value, and it is not something the insurance company is likely to talk to you about. Here are several things you should know about diminished value as you try to settle your car accident claim.
How Diminished Value Affects You
After a car is repaired completely from the damages of an accident, it will never be worth as much as it was before the accident and repairs occurred. Part of the reason for this is that a car that is repaired may have inherent problems simply because it went through a great deal of trauma. The other reason it will be worth less is that people do not want to buy cars that were wrecked. If you try to sell the car and the buyer finds out it was involved in a major accident, he or she might find a different car to buy.
Diminished value is a real thing, yet it is not something the insurance company will offer to compensate you for. You may need to do your own research on this and fight for it. If the insurance company fights you back, you may need to hire a car accident lawyer to help you win this battle.
How Car Accident Lawyers Can Help
The hard part of settling a car accident case is trying to negotiate with an insurance company. Insurance companies handle claims all the time and are great at negotiations, whereas this might be the first time you have ever had to try to negotiate. If you hire a lawyer, you will have an experienced negotiator acting on your behalf. Not only will this result in getting more for your damages and losses, but it will also be a lot less stressful for you.
Your lawyer will fight for compensation to cover the repairs on your car, the diminished value, the injuries you suffered from, and any emotional trauma or inconveniences you inherited from being struck by another driver.
If you feel like you are getting nowhere as you are trying to settle your car accident claim, you should consider hiring a lawyer to help you fight this battle. To learn more, call a lawyer that handles car accident claims like Edward M Graves Accident and Injury Attorney.