Kentucky Diminished Value Claims

Kentucky Diminished Value Claims


If you’re a Louisville driver that’s been
the victim of an accident. Even if you’re not aware of any immediate
personal injuries. You should know that your vehicle has sustained a loss of value beyond what it will cost to repair it. And the at fault party owes you the amount
that equals that loss in value. Also you should be doubly concerned because
the at fault drivers insurance company and the adjuster they’ve sent or are going to
send to inspect the vehicle won’t, or haven’t mentioned to you that your vehicle has diminished
in value. And even if they have it’s more than likely,
they’re only going to offer you a nominal amount to cover it. The reason they do this is because most Louisville
drivers aren’t aware of diminished value, and no very little to nothing about it. So what is diminished value? The short answer is this. Diminished value is the amount by which the
resale value of a repaired vehicle has been reduced. Simply because it now has a significant damage
history. For example, if you or myself are out around
Louisville and we’re car shopping, and find a vehicle that we’re interested in buying. We know from consumer reports to always request
a carfax. And we all review the carfax to look for the
same thing. The vehicles accident history. Because we want to know. Has this vehicle ever been wrecked? Because if a used vehicles carfax shows that
it’s been involved in a collision. Not only are we not going to offer as much
for it. We may not even buy it all. It’s common knowledge that a previously wrecked
vehicle can have a lot of unseen problems. Even the best body shop in the world can’t
repair a vehicle back to it’s original factory condition. The end result being it’s not as safe. It’s not as road worthy. And it’s not as valuable, and we all know
this. So if you are the victim of a collision. How does diminished value affect you? Well, even if you car has been repaired to
the point where it looks and drives perfectly. It now has a nationally recorded car fax history. And when viewed. This history will show that your car has previously
repaired damages. And this recorded history will make your car
worth less money. But like I mentioned previously, the good
news is that this money is recoverable from the at fault parties insurance company. So what should you do? An attorney can help you determine if you’re
entitled to any lost diminished value on your vehicle. And this advertisement shouldn’t be construed
as legal advice. If you’ve been in an accident in the state
of Kentucky. And would like to learn more about diminished
value claims, and if you can recover the money that equals the amount of diminished value
of your car or truck. Then you should contact the Harper Law Office
in Louisville KY. The Harper Law Office is the go to source
for Louisville accident victims and personal injury claims that need advice about diminished
value. We have a free consultation and can let you
know where you stand regarding any potential diminished value claim. In addition we can file the claim for you
and help you recover what’s rightfully owed to you for the lost amount. You can call us directly at the number listed
here. Or visit us online at HarperLawCo.com We’ll get straight to work in helping you
reclaim your vehicles diminished value.

About the Author: Michael Flood

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