ADR Claims

Uncertainties always knock at your door without prior notification. We are not always prepared to deal with them effectively. However, it doesn’t mean you just have to accept whatever destiny throws at you. There is always a way out! So, if you are dealing with a car accident and diminished value. Don’t Worry! You are not alone in this! Diminished value claim Nevada is here to help and support you! This approach allows you to earn back your loss.  What is diminished value?  In Nevada, diminished value is the reduction in the value of your vehicle because it has been involved in an accident. No matter how well the car was repaired, the dealer and potential buyers refuse to pay a fair price for it because of the accident tag.  Diminished value is further divided into 3 major types, including:  Inherent diminished value Often considered the most common type of DV. This refers to the loss in a vehicle's market value simply because it has been in an accident, even after ...

  Simran was on her way home, driving her newly repaired car! She was thanking her stars that the nightmare of the accident had ended. She managed without her car, managing every day, travelling via public transport and car pooling with a friend. Finally, she took a sigh of relief.  After a few days, she decided to resell her car because she needed some quick cash. To her surprise, her nightmare wasn’t finished yet! In fact, it bounced back with full force. The value of the car has dropped significantly despite getting expert repair. All this is happening because it was involved in a vehicle. She has just learnt a new term called California diminished value . Simran isn’t the only car owner in California who ain’t aware of diminished value. As a matter of fact, most vehicle owners don’t know about it. This blog is dedicated to providing all the information you need about the drop in the value of your car and Diminished value claims in California . Continue reading to gain some...

Riya went to pick up her car from the body shop. After evaluating its condition, she was satisfied with the job done by the experts. There were some signs that the accident had occurred a few weeks back, but they weren’t significant. She thought her bad dream was now finally over. Only to find out the real challenge has unfolded now! Her car has lost value, just because it was a part of the accident.  Most car owners aren’t aware of this type of drop in a car’s worth. When a vehicle gets hit in a collision and gets damaged enough to need major repairs, it suffers from diminished value.  How does diminished value affect a vehicle? Now you must be wondering what diminished value concerns a vehicle. Well, let us understand this with an example. Now, if you are in the market to purchase a car, would you be confident to buy a car that has a history of an accident? Or would you pay the same amount for a damaged and repaired vehicle then you would for a car with a clean background? T...

When there is a conflict between two parties, whether due to a business agreement or personal issues, one of such most popular ways to resolve it is going to court. But people in California are opting for another option that is different from this traditional way. It is called alternative dispute resolution or ADR. ADR has several types, such as arbitration, mediation, and neutral evaluation. The reason behind choosing it can be many. In this article, we are going to find out more about ADR, understanding what it is and its benefits. We will also explore how it can be a better choice for you than opting for the litigation methods.   Understanding ADR Alternative Dispute Resolution California or ADR is all about solving disputes or legal problems outside of the courtroom. It has different types or methods that help you in different ways with a similar objective, that is, to reach an agreement.  The first type is mediation, which involves a neutral person who helps by cond...

It is heartbreaking to see your car after it gets involved in an accident. You might think that it can get back to its prior shape again. For it, you try to make the best repairs that can help put it in great condition. However, reality hits differently. Even if you have repaired it well, your car loses its value. It is called diminished value.  However, to recover this loss, you can file a claim with the at-fault driver’s insurance company. But before you start the process, you must understand it clearly. There are some common myths about diminished value claims in California that you should know about for better clarity and accuracy of the process. Let us break down these common myths: Myth 1: If the car is fully repaired, there is no loss in value When your car encounters an accident, the first thing you would want is to restore its looks to what it used to be. Even if you have achieved it and made it as good as new, the California diminished value of your vehicle decreases the...

When your vehicle is involved in an accident, it has a negative impact on its market value. Yes, even if you get it repaired well and ensure that there are no damaging symptoms, it can decrease your vehicle’s worth. This depreciated value is known as diminished value. However, you must be surprised to know that you can compensate for this loss by filing a claim, provided you are not at fault! If you are doing it for the first time, you must have some questions in your mind. In this article, we will find out the most asked questions about diminished value in California, along with the answers. It will help you understand the process and the way to compensate for some loss. What is a Diminished Value Claim? If your car gets damaged in an accident due to the negligence of another driver, you can file a claim to restore the loss. This is called a diminished value claim California .  Who is Eligible to File a Diminished Value Claim? To be eligible to file a claim, you must meet some con...