Accidents can happen to anyone, even those who are excellent drivers. If you’re facing the aftermath of an auto accident, be prepared to deal with all the documentation that goes into filing claims. For those car accident claims Dallas TX, consider hiring your own appraiser as well as working with the insurance provider to come up with a resolution. Here are some of the reasons why you need expert advice from an appraiser.
Understanding the Value of the Vehicle Prior to the Accident
You may think that it’s impossible to come up with the value of your car before the accident. That’s not true. Appraisers are aware of the signs that a vehicle was maintained in good condition before the collision or other type of accident. That’s important, since the value prior to the event will matter.
Appraisers can get clues based on the portions of the vehicle that did not sustain damage. Little things like the absence of damage to the paint, the condition of the tires, and signs that the engine, transmission, and other vital systems received regular maintenance and upkeep do factor into the determined value. Hold onto that figure, because you will need it moving forward.
Comparing the Appraisal Results with the Insurance Provider’s Offer
The insurance provider who is considering the claim will also be in the process of evaluating the value. It will be used to determine if the necessary repairs are less than what the car was worth prior to the accident. It providers have their own formulas to determine that value. They may or may not agree with the findings of the appraiser.
Having a figure from a recognized expert source makes. It easier for you to evaluate whatever offer the insurance provider extends to you. If it’s to repair the vehicle, you’re likely to agree and take the offer. It is finding that their figure is different from yours may be grounds for negotiating a different outcome.
Seeking Diminished Value
There’s no doubt that the accident permanently impacted the value of your vehicle. In some cases, the difference may be minor. At other times, the decrease in value can be significant. You may want to include in your car accident claims Dallas TX a claim for what’s known as diminished value.
Diminished value is the difference between the value of your car before the accident took place. It’s worth once the repairs are completed. While you may not receive the full amount that you’re seeking. A partial settlement of that figure can help you recoup a portion of the loss and have more cash to put toward the replacement.
Making a Choice You Can Live With
Ultimately, you will have to make choices about how to handle the situation. Having information from a certified appraiser provides more of a basis for making that decision. See it as one way to have more control in the midst of a situation. It seems everything is in the hands of someone else.
Keep in mind that if you do decide to seek alternative arrangements with the insurance company. It may be necessary to secure legal counsel. Should that happen, the findings of the appraiser in the form of expert testimony could help your case.
While you wish the accident had never happened. Now is the time to make the most of the resources at hand. Talk with an appraiser and set up an appointment for a vehicle appraisal. You can bet that what you learn will make a difference. Read more on forbesby.
