Wednesday, June 15, 2016

Disputing (diminished) valuation of your vehicle after an Accident in Washington State

How to file a diminished value claim after an accident. 

Many of our clients who need assistance maximizing a Seattle Personal Injury Claim often find its not worth engaging an attorney fight for their auto claim because of the costs and expenses of litigation. That said, we thought we would share some helpful tips on what to do if you find yourself in disagreement over the valuation of your vehicle as well as some helpful tools:

What is diminished value?
Diminished value is the difference (if any) between the market value of your undamaged car before an accident and its market value after you have it repaired.
Who to file the claim against
In Washington, you’ll file a diminished value claim against the insurer of the at-fault party and not your own insurer.
What you need to do
If you decide to file a diminished value claim, you’ll need to prove your claim with supportive documentation. Some car owners file a claim on their own or hire a private company to document the lower value. Even then, an insurer may argue against it. Its important to have as much documentation as you can have including opinions from local dealerships as to the value of your vehicle pre-collision and post-collision (even with the repairs).

The insurer doesn't automatically pay you for diminished value. It's subject to proof that your car's market value decreased even after repairing it. If you plan to file a claim for diminished value, we recommend you talk to your claims adjuster.

Another helpful source in the Washington State Insurance Commissioner. Please see their link below on helpful contact information: 

For more information on your rights on your rights in a Seattle Auto Accident, consider contacting a Seattle Auto Accident Attorney.

Our Firm:

DC Legal, PLLC
520 Kirkland Way, Ste 103
Kirkland, WA 98033
T: (425) 889-9300

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