Any vehicle that gets into an accident immediately loses some of its inherent value. Even if the repairs are carried out flawlessly on the automobile, it will never be worth what it was before the accident. This is called “diminished value,” or “DV” for short, and it refers to the fact that most would-be car-buyers in Hawaii would rather not purchase a vehicle that has been in a reported accident. More often than not, insurance companies will not take diminished value into account when making you an offer – that’s where Hansen Price comes in.
We specialize in helping you recover the lost value of your car that the insurance company owes you after an auto accident. Our experts guide you through the entire Hawaii diminished value process from start to finish so you know everything is handled correctly and professionally. Our custom Diminished Value Report is prepared to USPAP™ standards, to give you the best chance at getting all the money you are owed.
Whether you live in Honolulu or any other city in Hawaii, you can contact our diminished value experts today by calling 888-706-4530 or by filling out our online form.
Diminished Value occurs when you are in an accident where someone else is at fault. After your car has been repaired and upheld to its previous state there is still an immediate loss of resale value. The diminished value of a car in Hawaii can range anywhere from 15% – 50%. It is important to take in consideration that because of the wide variety of car history websites on the Internet (such as Carfax, Autocheck and many other accident report companies,) it is very easy for anyone to look up a vehicle’s history. Studies show that only 1/3 of Americans are willing to buy a car that has been in a previous accident. This is why it is important for Hawaiians to seek the right help in recuperating all of the losses owed to you when you are in an accident and you were not at-fault.
Some factors that can affect diminished value:
We take pride in protecting our clients and we are educated in the laws regarding Hawaiian property damage and car accidents. We understand that the process to help you reclaim all of your losses can seem very complicated. Our experts will help you fill out the correct paperwork and provide supporting documents to ensure the process runs smoothly and your claims are not denied.
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.
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.
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.
– Ryan J.
Little Rock, Arkansas
– D. Anderson
Bend, Oregon
– Danielle C.
Portland, Oregon
We take pride in our valuations, inspection processes, and documentation at Hansen Price. In fact, we guarantee that if you do not recover on your claim using the complete checklist provided with your report, we will refund you 100% of your payment to us. We stand by this promise, and each of our DV reports come with our written guarantee and obligations.
Call the Hawaii DV professionals at Hansen Price today at 888-706-4530 or contact us online using our convenient form. Our friendly representatives will talk you through the process and help you get started on your claim.
