Alabama is a diminished value claim state.
This means you have the right to seek compensation for lost value on your vehicle.
What does that mean?
For example, you bought a brand new 2021 vehicle and you were involved in a wreck in January of 2022. However, the car was not totaled and the insurance company wants to repair the vehicle. The Repairs were made. However, now you are driving around in a brand new vehicle that has been involved in a major collision.
This could seriously affect your resale or trade in value.
If this is the case, you may have a diminished value claim. Which means you may have right to compensation. That is, IF the accident was caused by another party and you did not sign a release for property damage claims.
Go to the Dealership.
We would suggest that you to go to the dealership and request a diminished value appraisal. This allows the dealership to determine the value of your vehicle, had it not been involved in a wreck.
Furthermore, there are several online services that will also offer a diminished value appraisal. Check out this link for 7 Great Tips on Diminished Value Appraisals. However, just because you receive a diminished value appraisal, does not guarantee that the insurance company will accept that amount.
Find a Qualified Law Firm in Auburn
If you are unsure or nervous to talk to the insurance company about the value of your car or truck, we would always suggest contacting a qualified Law Firm that is used to dealing with insurance companies.
If you were injured in the wreck that caused the damage to your car, many Personal Injury firms will handle your property damage claim for free.
Injured in Auburn, Opelika, Chambers County and surrounding areas and have property damage as well? Call Walton Law Firm, P.C. today and speak to one of our experienced attorneys.
Ready to discuss your case? Contact our experienced team of personal injury lawyers for a free initial case consultation*
If you or a loved one have been involved in an car accident, contact our team of experienced attorneys and staff today!
Experienced Car and Truck Accident Attorneys in Auburn
At Walton Law Firm, we understand Personal Injury Law, as well as the unique issues associated with each case. We have in-depth knowledge of how insurance companies work, including all of the different tactics used to low ball your personal injury claim.
Attorney Trip Walton has spoken at numerous seminars across the country regarding automobile, tractor trailer collisions and mediation. Furthermore, Walton Law Firm has won $100 Million dollars in verdicts and settlements for our clients in East Alabama and West Georgia.
If you or a loved one were involved in an accident, get the professional help you need to achieve justice for your case. Contact one of our experienced personal injury lawyers today.
