diminished value in oklahoma
If your car were in an accident, your vehicle will likely reduce in value as a result from having an accident history. In fact, dealers will certainly offer thousands less due to an accident listed on a Carfax report. If the damage is severe enough, many dealers will refuse to take the car in on trade.
After an accident in which you were not at fault, Collision Safety Consultants of Oklahoma can help you recover the loss of value to your vehicle from the insurance company.
What is diminished value in oklahoma?
Diminished value is part of the Oklahoma Uniform Jury Instruction, and the statute of limitations in Oklahoma for a diminished value claim is two years. In other words, you have two years from the date of the accident to file your claim.
Diminished value is the difference of the fair market value of the property immediately before being injured and its market value after repairs have been or would be made.
Can I claim diminished value in Oklahoma?
Yes, the insurance company owes you for diminished value as long as you were not at fault.
Diminished Value Calculator
The severity of damage and quality of repairs directly affects your diminished value claim. For that reason it is very helpful if you attach a copy of the estimate of repairs. After we receive your request, we will get back to you within 24 hours to discuss the estimated loss of value.
diminished value results
What if my car was repaired correctly?
Even if your car looks great and was repaired correctly, it will likely still suffer inherent diminished value. Since you have a legal obligation to disclose that the vehicle was involved in an accident to potential buyers, buyers will not pay the same price for the same undamaged vehicle as one with an accident history reported. As a result, a diminished value claim can help you to recover the difference of what your car was worth before the accident and what it is worth after being repaired from the collision.
How to make a diminished value claim
We can handle the entire process
Collision Safety Consultants can handle the entire diminished value process from beginning to end.
While other companies only provide you with a report, we contact the insurance company on your behalf and work with them to resolve your claim. We don’t expect you to have the time to handle the claim or knowledge about diminished value so that you can ensure you are paid the full amount of loss.
Collision Safety Consultants also has the best legal professionals in the state to assist with your claim should the insurance company choose to be unfair and unreasonable.
What Our Client's say about us.
Ready To File Your Diminished Value Claim?
If you are ready to begin your diminished value claim, please click the button below and attach your final repair estimate, and a licensed Oklahoma diminished value expert will get back with you on how much you could be owed for loss of value.