Appleton

The squeal of tires. The sickening sound of metal grinding against metal as you lurch forward in the driver's seat. As you climb out of the auto, you're shaken - but thankfully you and the driver who hit you are not injured. Regrettably, the exact same is not true for your car. Even immediately after you endure the hassle of dealing with insurance organizations and the inconvenience of taking your auto in for repair, the bottom line is that your car simply isn't worth as considerably. "The resale value of a vehicle with an accident history is considerably much less than a comparable vehicle that is never been in an accident," says Omar Quddus, President and Co-Founder of Advocate Auto Claims LLC (www.advocateautoclaims.com).

This phenomenon is referred to as "diminished worth," and the at-fault or third party's insurance firm has an obligation to compensate the driver who was not at fault for this difference in industry value. "Insurance coverage companies are necessary to restore a car to its pre-loss situation and worth," says Quddus. "However, most consumers aren't conscious that they are entitled to diminished value compensation - and insurance coverage businesses do not volunteer that details."

ppi claims

That is the reason Quddus is on a mission to educate buyers about their rights, and why Advocate Automobile Claims pursues diminished value claims on behalf of drivers who weren't at fault in accidents. "Even when customers are aware of the diminished worth issue, they are often ill-equipped to deal with the roadblocks that an insurance coverage company will throw at them," he says. "Each insurance company has its personal internal procedures, but those procedures can vary from area to region." Similarly, the laws and regulations governing diminished worth differ tremendously from state to state.

The maze of regulations and loopholes, as effectively as the harsh stance taken by automobile insurance coverage businesses against diminished value claims leaves shoppers with few options. "Consumers may possibly be involved in an accident when or twice in a lifetime they basically don't have the resources and knowledge to get the compensation they deserve," says Quddus.

This is precisely why the owners of Advocate Auto Claims, who have more than 10 years of expertise working with diminished value claims on behalf of fleet owners and rental auto agencies, have opened their doors to consumers. Whilst drivers can spend out of pocket for a automobile inspection or a report to substantiate their claim, and an attorney might pursue such a claim in conjunction with a personal injury situation, Quddus' organization handles each and every aspect of diminished worth claims - and does so on a contingency basis. "The process of establishing diminished value and then negotiating the proper compensation is both an art and a science," Quddus says. "We pride ourselves on our potential to get results, and don't anticipate to be paid till you do."