Lessened Value – Get the Payment You Deserve After a Car Accident
The screech of tires. The sickening noise of metal grinding against metal as you stumble forward in the driver’s seat. As you climb out of the car, you’re shaken – however luckily you and the motorist who hit you are not hurt. Regrettably, the exact same isn’t real for your car. Even after you withstand the hassle of handling insurance companies and the trouble of taking your car in for repair work, the bottom line is that your automobile just isn’t worth as much. “The resale value of an automobile with an accident history is substantially less than a comparable automobile that’s never ever been in a mishap,” says Omar Quddus, President and Co-Founder of Supporter Automobile Claims LLC (www.advocateautoclaims.com).
This phenomenon is called “lessened value,” and the at-fault or third party’s insurer has a commitment to compensate the chauffeur who was not at fault for this difference in market price. “Insurer are needed to restore an automobile to its pre-loss condition and value,” says Quddus. “Regrettably, most customers aren’t mindful that they are entitled to diminished worth compensation – and insurer do not offer that details.”
That’s the reason Quddus is on an objective to educate consumers about their rights, and why Supporter Auto Claims pursues lessened worth claims on behalf of chauffeurs who weren’t at fault in accidents. “Even when consumers know the lessened worth problem, they’re frequently ill-equipped to deal with the roadblocks that an insurance provider will toss at them,” he says. “Each insurance company has its own internal procedures, but those procedures can vary from region to region.” Similarly, the laws and regulations governing lessened worth vary greatly from one state to another.
The labyrinth of regulations and loopholes, along with the harsh position taken by auto insurer against lessened value claims leaves customers with few options. “Customers might be associated with an accident one or two times in a lifetime; they simply don’t have the resources and understanding to get the compensation they should have,” says Quddus.
This is precisely why the owners of Advocate Car Claims, who have more than 10 years of experience working with lessened value claims on behalf of fleet owners and rental vehicle agencies, have opened their doors to consumers. While motorists can pay out of pocket for a vehicle evaluation or a report to corroborate their claim, and a lawyer may pursue such a claim in combination with an injury case, Quddus’ company manages every aspect of decreased worth claims – and does so on a contingency basis. “The procedure of establishing decreased worth then working out the correct compensation is both an art and a science,” Quddus says. “We pride ourselves on our ability to obtain results, and do not expect to be paid until you do.”