Evaluating Your Options

Evaluating Your Options

Make Sure To Calculate The Diminished Value Of Your Vehicle After A Truck Accident

Dale Watkins

When you are involved in an accident involving a commercial truck, your car might be severely damaged. You might already know that you are entitled to compensation for the auto repairs you will need to have made to your vehicle. However, you might also be entitled to compensation for the diminished value of your vehicle. This is especially true if your car is a total loss after the accident. Fortunately, a trucking accident attorney can help you determine the diminished value of your vehicle.

How to Determine the Resale Value

The diminished value will be the resale value of the vehicle prior to the truck accident minus the resale value of the vehicle after the accident. It does not matter if you actually try to sell your car. In some cases, you might not be able to sell your car due to the damage done to it. 

To determine the resale value of your car, you will need to work with a truck accident law firm that works closely with appraisers. The appraiser will usually need to examine the vehicle or look at photographs of the vehicle. The appraiser will assist you when negotiating a settlement with the insurance provider of the other driver. The appraiser will also testify in court if your case goes to trial.

How to Determine Liability

To be able to receive compensation for the damage done to your vehicle, it is essential that you prove that the truck driver is at fault for your accident. Regardless of how damaged your vehicle is, the truck driver must have been negligent and possibly performed an action that was reckless or illegal. For this reason, it's important to never admit fault.

Your attorney will investigate the cause of the açcident and present the evidence uncovered in court or when negotiating a settlement. For example, your attorney might discover that the truck driver was using a mobile device at the time of the accident, based on cell phone records, and this can be used as evidence of negligence.

How the Settlement Process Works

The settlement that is negotiated will be based on the damage done to your vehicle, any medical bills you have, lost wages, and also your pain and suffering. Your attorney will make a higher offer and the insurance provider will probably make a lower counteroffer. While your attorney will be negotiating your settlement, you will have the ultimate say in whether the settlement offer will be accepted.


Share  

2021© Evaluating Your Options
About Me
Evaluating Your Options

Being injured in a car accident is never easy. You may find yourself struggling to do better, all while wondering what you can do to streamline your personal situation. However, when you make the decision to work with an attorney, things become a lot easier in the long run. From finding easier ways to move forward to understanding how to make the right steps towards getting the settlement you need, you can drastically improve your ability to move on after a car accident if you make a single call. Check out this website to learn how to identify a lawyer who can help you.

Categories