Alabama Residents: Find Out What Insurance Owes You

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Diminished Value in Alabama

Unfortunately, there’s no seamless way to go about resolving an auto accident. After assessing the situation and ensuring that nobody was injured, the following steps are oftentimes a bit uncertain for a reliable outcome. A common procedure in Alabama and across the United States is to exchange contact and insurance information among drivers, and hopefully there’s no need to file a police report. However, the driver who was the victim of the accident is usually entitled to more financial compensation from their insurance provider than they receive.

Drivers rarely consider the immediate diminished value of their vehicle until after the fact and claims have been settled. The truth of the matter is that the resale value of your vehicle can drop anywhere from 15% – 50% even after it is sufficiently repaired. This is because only 1/3 of Americans will even consider purchasing a vehicle with an accident on its record. This loss in inherent loss of value is called “diminished value,” or “DV” for short.

Understanding Diminished Value

The unfortunate reality of many insurance companies is that they fail to go over each detail of the accident and how they can assist in your financial well-being. Don’t be fooled by believing that compensation for mere auto body work solves your dilemma – most resale sites utilize sources like Carfax to easily access the history and value of your vehicle.

Filing a diminished value claim in Alabama could save you thousands of dollars in the dreaded event of an auto accident. Talk to your insurance provider and watch them discredit your right to diminished value compensation. When it comes to trustworthy service, Hansen Price is proud to be leading the charge in compassionate auto insurance and auto claims in Alabama.

Diminished Value

Leave it to our team of seasoned professionals to guide you through each step of the process to come out on top – despite your damaged vehicle and traumatic accident. At Hansen Price, we recognize the sentimental connection Alabama drivers have with their cars, and the fact that only 1/3 of American will even consider purchasing a vehicle with an accident on its record. While you may not be ready to sell during the time of your accident, we’re here to ensure your most fruitful outcome when you do.

How?

STEP-1

Your time and money are valuable. We'll quickly assess if your vehicle's DV value is worth pursuing. Older cars, smaller repairs, or vehicles in previous accidents may have such a low DV, that it is not worth the cost or effort to pursue.

STEP-2

We'll collect all the information needed to issue an appraisal and valuation report. Many claims can be done over the phone or email. We'll perform all the required research.

STEP-3

We'll prepare all the information you need to present to the insurance company. We provide you with sample letters for you to use and include a step-by-step checklist and a plan to present your claim.

Testimonials

"I sent off the report you guys prepared for me, and boom- I got a full settlement offer. I really appreciate your approach and expertise. I truly appreciate your help. I will admit I was skeptical, but speaking with you over the phone, your company seemed very genuine, so I pulled the trigger. Great job guys!"

– Ryan J.
Little Rock, Arkansas

Thanks to the entire crew at Hansen Price. I settled my DV claim for $5,750, and I now have the check in hand. Safeco lowballed me, and I’m glad I had everything I needed to counter. Thanks again!"

– D. Anderson
Bend, Oregon

“Hansen Price made getting my Diminished Value check for $3,000 from my insurance quick and painless.”

– Danielle C.
Portland, Oregon

Insurance providers have a tendency of settling claims in the simplest, most cost efficient way possible for their company. This, unfortunately, means that discussing diminished value claims is not their top priority unless you make it one as the customer. With that said, do not file your claim and leave the finances you deserve entirely up to your insurance company. While we hate to speculate that all providers are unreliable, we’ve seen too many biased appraisals and good people walk away from an accident empty handed to not put in our two cents on the matter.


Contact Us Today with Your Alabama Diminished Value Claim

Hansen Price takes pride in offering the simplest process and greatest financial compensation for your diminished value claim in Alabama. You’ll be happy you took this extra step when you have your settlement check in-hand that puts your insurance provider’s offer to shame.

Call Hansen Price today at 1-888-708-0442 or fill out our online form to file a claim.