About Hansen Price: Diminished Value Specialist
If the world were in an ideal state, no motor accidents would happen since individuals would be making safe use of roads. And if the accidents happen, they vehicles would be repaired and resume the initial value. Now, since the world is no ideal, motor vehicle accidents happen day in ay out. To make things worse, the value of the car happens to reduce whenever it is involved in a car accident. Even after the vehicles have been perfectly repaired, the initial value is not restored. The loss of value is explained by some number of factors. Nevertheless, there is loss of the worth of a motor when it is involved in a car accident, and this is referred to as the diminished value.
To get the true picture, take two cars of the same model, bought same day, gone same mileage and given due care. Now, one of these cars is involved in an auto crash. The owner of the car takes the vehicle to the auto body shop, and the car is repaired using the manufacturer-specified part. The owner of the car that was involved in the car crash and that of the one not involved in the accident decides to make the sale of their car the same day. Do you expect the two cars to be sold at the same price. Facts are that the car not involved in the car crash has a higher value than the one involved in the car accident. The difference between the values of these cars is what represents the diminished value.
One thing to ask you is what makes the diminished value of one car more than that of another. To ensure that you get a higher DV, use the manufacturer specified part for the repair of your car. It is important that proper repair be done after the crash. It is important that you ensure that no DV is lost. You should get the insurance company to restore you to the initial status before the crash happened.
Study: My Understanding of Cars
To qualify for the DV, your car should have been damaged in an accident. It should not be your fault that your car got damaged. Your car should be ten years or less. If you meet these criteria, consult a diminished value specialist to help you calculate the value of DV. Avoid taking the DV claim directly to the insurance company. They will try to make a lower settlement that does not tall with the real DV. Hansen price provides diminished value consultancy to vehicle owners so that they get their full compensation. Consult the Hansen price experts to assist you to get the right DV.What Has Changed Recently With Values?