Diminished value is the reduction in resale value a vehicle suffers after an accident. Fact remains that car buyers, most times, opt for undamaged, clean cars in comparison to one with a dent as a result of accident. Simply put, a damaged vehicle has a lower market value than an undamaged counterpart. If you are involved in an accident, then you need to get compensated for diminished value. By law, the faulty party and due to their negligence is solely responsible to compensate you for all kinds of losses you must have encountered.
In order to have the right to full compensation, then you need to submit a demand letter and an appraisal report to the party at fault requesting immediate and fair compensation for the damages caused. In some cases, the insurance company of the at fault party will cover the entire expenses but this usually occurs after you must have submitted a written request.
When looking for a diminished value appraisal Southern Oregon, you want a professional with vast experience in handling similar cases. A professional who specializes in diminished value appraisal is usually unbiased. Most appraisers work for insurance companies, hence they don’t offer satisfactory services to clients. Why choose an appraiser who works for the same company as the one you are suing. It doesn’t make any sense. In this regard, it is recommended to choose a diminished value appraiser Southern Oregon that works directly with clients.
Choose a professional who has several years of experience in the automotive industry and has sold as many cars model and brands as possibly. With this, you are rest assured that the professional appraiser of your choosing doesn’t just know much about different kinds of vehicles but also has advanced knowledge when it comes to diminished value appraisal Southern Oregon.
You may be wondering, when is the perfect time to hire the service of an auto appraisal? There are many instances where you need to contact an auto appraisal. Some of the situations are stated below.
- The insurance company is biased and unfair in their valuation
- The insurance company request for proof of loss
- Invoking your insurance policy’s appraisal clause
Go for an auto appraiser who not only puts quality over quantity while preparing diminished value appraisal, but is also licensed and certified.