Case Study: My Experience With Values

Posted on Posted in Auto & Motor

About Hansen Price: Diminished Value Specialist If the world was perfect, motor accidents would not be there since all people would be driving vehicles carefully. Even if the accidents occurs, the cars should be repaired, and they initial market value bestow on them. Now that the world is imperfect, there are car accidents happening each day. 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. Exactly, why this is the case, is explained by different reasons. However, the underlying fact is that a car accident results in loss of value which is referred to as the diminished value. To understand the diminished value clearly, compare to vehicle models bought the same day, covered the same mileage and due care has been ensured. Consider that one of the vehicles have been damaged in a motor accident. The car is then delivered to the auto body shop, and it is repaired using the parts that were specified by the manufacturer. Now look at the other side where the owners of both cars decides to sell them in a single day. Do you think that buyers are ready to pay the same amount for the two vehicles. 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. Something that is of importance is to learn what makes one car be compensated for a higher diminished value than the other. If you use the manufacturer specified part for the repairs, you will get a higher DV value. Ensure that you give the best repair for your vehicle after the accident. This value should not be let down the drains. Follow the insurance company to ensure that the insurance firm settle the DV so that you can resume your former status.
Short Course on Values – What You Need To Know
To qualify for the DV; your car ought to have been involved in a motor crash. Still, your car should not be damaged due to your fault. 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. Do not take your claim directly to the insurer. 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.If You Think You Understand Claims, Then This Might Change Your Mind