ADR Claims

Has your car been involved in a car accident? Has it gone through repairs and works just fine? No matter how good your car looks and functions after repair, it is likely to lose its market value. This reduction in the value of the car is called “diminished value”.  Diminished value claim New Mexico allows you to earn back on your loss. Yes, this wonderful opportunity is designed to help car owners recover their loss. However, filling out the claim can be daunting. Even the tiniest of mistakes leads to a loss of money. In this blog, we will explore the most common mistake made by car owners when filing the diminished value claim. How can you avoid these mistakes and gain the maximum amount?  Mistake #1: Not Knowing about the Diminished Value Claim.  Not being aware of the claim means you do not file a diminished value claim.  Most car owners are not aware of New Mexico diminished value claim , which prevents them from recovering their loss. For insurance companies, p...

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...