The squeal of tires. Often the sickening sound of material grinding against metal when you lurch forward in the driver’s seat. As you climb out of the car, you’re shaken ~ but thankfully you as well as the driver who hit you aren't injured. Unfortunately, the same isnt true for your car. Even with you endure the hassle involving dealing with insurance companies and the hassle of taking your car a number of repair, the bottom line is that your car or truck simply isn’t worth the same amount of. “The resale value of automobile with an accident history is considerably less than a comparable car that’s never been in a crash, ” says Omar Quddus, President and Co-Founder associated with Advocate Auto Claims

This phenomenon is known as “diminished value, ” and also the at-fault or third party’s insurance company has an obligation to compensate the driver who was not at fault for this difference throughout market price. “Insurance companies are instructed to restore a vehicle to its pre-loss condition and benefit, ” says Quddus. “Unfortunately, most consumers aren’t which they are entitled to diminished worth compensation - and insurance carriers don’t volunteer that information. ”

That’s the reason Quddus is on a mission to educate consumers about their rights, and also why Advocate Auto Promises pursues diminished value claims on behalf of drivers who weren’t at fault in accidents. “Even when consumers are aware of typically the diminished value issue, that they are often ill-equipped to handle often the roadblocks that an insurance company may throw at them, ” he says. “Each insurance company has its own internal procedures, but all those procedures can vary from different places. ” Similarly, the legislation governing diminished value differ greatly from state to state.

The maze of regulations and cracks, as well as the harsh stance used by auto insurance companies next to diminished value claims results in consumers with few possibilities. “Consumers may be involved in an crash once or twice in a lifetime; his or her don’t have the resources and understanding to get the compensation they should have, ” says Quddus.

This really is precisely why the owners connected with Advocate Auto Claims, who have more than 10 years of experience working with diminished value says on behalf of fleet owners and rental car agencies, possess opened their doors to consumers. While drivers is beneficial out of pocket for a auto inspection or a report to confirm their claim, and legal counsel may pursue such a state in conjunction with a personal injury case, Quddus’ company handles every aspect of diminished value claims - and does so on a contingency foundation. “The process of establishing reduced value and then negotiating the correct compensation is both a form of art and a science, ” Quddus says. “We pride yourself on our ability to get results, and don’t expect to be paid out until you do. ”