Welcome to ADR-Claims, where we are committed to making your insurance claims process as smooth and fair as possible. Our mission is to ensure that you receive the equitable settlements you deserve through our expert appraisal services and unwavering dedication to integrity and professionalism.
If your car has been involved in an accident, it has undoubtedly sustained damage and undergone repairs. However, the purpose of these repairs is to restore the look and functionality of the car. But the impact of the collision can not be erased. This drop in the value of the car, despite getting quality repairs, is called diminished value Texas.
In Texas, the person liable for the accident is also liable for reimbursing the damage caused to the vehicle. Simply put, the at-fault party is responsible for compensating you for medical bills, loss of income, and any sort of property damage incurred by you.
A diminished value claim Texas is a fantastic opportunity to earn back the damage from the party responsible for the collision.
A car with a recorded accident in its history is deemed less valuable by potential buyers. It is because they find it tough to trust that a vehicle has been damaged and repaired. This loss is recoverable under Texas diminished value law.
If the accident was caused by another party’s negligence, you have a right to file for diminished value claim Texas. This claim lets you receive compensation for the loss in your car’s value, even after top repairs from the insurance company of at at-fault party. To increase your chances of getting fair compensation, it is crucial to follow certain legal steps.
As per the law, come what may- the person responsible for the collision is also responsible for paying for the damage caused to you.
In cases where the car is a total loss. This means the car is completely damaged and can’t be used anymore. They are liable to pay the full value of the car before the accident.
If the car can be repaired, then they need to cover the cost of repairs required to restore the former appearance and functionality of the car (before the crash).
Repair doesn't cover your loss completely. Despite receiving high-quality repairs, the car still won’t regain its previous value. Wondering why? Well, the accident has many active as well as passive damages. While active damages, such as dents or broken parts, can be repaired, the passive damages, like frame stress or weakened safety features, aren’t always fixable. Plus, the accident tag can never be removed from the car.
You can earn back the loss caused to you by filing a diminished value claim Texas with the insurance company of the at-fault driver. The amount you can ask for is the difference between the pre- and post-accident condition of your car.
For the Texas residents, if your car got damaged in a crash, you can not only seek compensation for repairs but also for any loss in the value of your car.
To navigate the complexities of Texas diminished value claim effortlessly, it is crucial to have a qualified team by your side. The experts possess a deep understanding of the law. In addition, they know how to tackle insurance companies. They will act and fight on your behalf, ensuring you receive fair compensation.
At ADR-Claims, we are well aware of the intricacies of a diminished value claim! They may try to underpay you, stating your car hasn’t lost significant value.
We know how to overcome such tricky situations and put your rights at the forefront. For more information about our services, get in touch with us today! Either call us on the numbers provided or write to us using our two-minute online form. We will revert to you with an absolutely free and no-obligation quote in no time!
Here is a step-by-step guide to filing a diminished value claim in Texas.
The most impactful yet easiest way to prove your claim is to hire an independent, certified, and reputable diminished value appraiser. The appraisal report is the strongest piece of evidence backing your claim. Always remember- insurance companies have to abide by the appraisal report. So, the higher the appraiser, the higher the chances of the insurance companies accepting it and paying fair compensation.
How to submit a diminished value claim gets a little confusing because of the longer time provided by the law. However, the best time for submission is right after the repairs have been completed. The sooner the submission, the higher your chances of getting approved. Needless to say, you need to be innocent of the accident. And the claim is to be filed with the at-fault party’s insurance company.
The insurance company will start with the lowest amount, considering you will accept the first offer. You shouldn’t fall for their downplay and fight for your rights. Negotiate with them, take the help of professionals to safeguard your rights, and also keep your paperwork strong to receive the highest settlement amount.
The time duration allowed for filing a diminished value claim in Texas is known as the statute of limitations. This allows you to submit the claim within two years of the date of the accident. However, to improve your chances, it is important to start as soon as possible.
You can take the court trial route in case you are offered an unfair amount or your claim is denied altogether. Professional guidance will help you sail through the process with ease.
Our quick and simple appraisal process can help you recoup vehicle-related losses.
