In addition to standard value auto appraisals
on all types of vehicles, a large number of our auto appraisals
involve vehicles that have been damaged. In many instances these
vehicles become involved in value disputes. Our expertise lies in
establishing fair market value of automobiles before they are damaged
and/or after they are repaired.
In most states when an automobile is damaged through the negligence
of another, the owner of the damaged vehicle is entitled to recover
the reasonable cost of restoring his property to its condition immediately
before it was damaged. In addition he is entitled to recover for
the loss of the use of the property for a reasonable period of time
while it is repaired. Also, in cases where the damaged property
has been repaired but nevertheless the value has decreased, the
owner may recover the difference between the value of the property
before the damage and after the repairs.
This difference can represent a substantial diminution in value.
Many owners find out that their car has suffered diminished value
when they try to sell or trade it. Usually it is too late by then
to try to recover the lost value. There are several factors used
to determine the amount of loss. These include condition prior to
damage, extent and cost of repairs, and quality of repairs done.
Diminution of value issues are especially important in states that
require disclosure of past damage, as this most always affects sale
or trade values downward.
BEFORE ANY DAMAGE CLAIM
IS SETTLED THIS ADDITIONAL ELEMENT OF RECOVERY SHOULD BE PURSUED.