There is a considerable risk of injuries and significant medical bills whenever car accidents happen, and other losses are likely too. There is also property damage to consider, including the costs associated with fixing up a car you need to travel to work, school, or other necessary locations. Sometimes, a vehicle will be totaled due to an accident someone else causes, meaning that the damage to the car is more expensive to address than it is worth. How is the value of a vehicle that has been totaled or requires repair determined in a vehicular accident claim?
Determining the value of a car can be difficult, but it is often calculated by looking at other cars of the same model and year. The cash value can also be determined by looking at general depreciation in value, accident and repair history for the vehicle, and other relevant factors. In the case of a non-totaled car, you can look at repair bills from mechanic and auto body shops to determine how much compensation you need to recuperate. Finding the exact value of a vehicle immediately before an accident can be difficult, but a car accident lawyer can help.
How Is the Total Cash Value of a Totaled Car Calculated?
Finding the value of a totaled or damaged car can be difficult if you do not have significant experience with vehicles and legal processes. Most often, you can estimate the total cash value of your vehicle by looking at the depreciation since you purchased it, looking at cars of the same model and year, and assessing the damage and repair history it might have had. If necessary, you can also contact past vehicle owners for more information in case you were not the person who purchased the car off the lot.
Insurance companies will often claim they are doing their best to get an accurate estimate on your behalf. They are more interested in underpaying you the value you deserve. These companies would rather hold onto as much monetary value as possible, meaning they devalue the claims that victims and survivors submit with them. However, working with a car accident lawyer can help ensure you receive fair compensation for your losses.
Your car accident attorney will fight for you to maximize the value of your car, taking all information into account and speaking up with your perspective. A lawyer will also have a deeper understanding of your case and needs, so what you need to recover will be their top priority. Your legal representative can also help calculate and maximize the total compensatory value of your case, allowing you to collect as much payment as possible so you can focus on healing and maintaining your financial stability.
How Can a Car Accident Lawyer Help You Recoup the Total Value of Your Vehicle?
Whenever someone is involved in legal matters, we encourage them to work with a qualified legal representative instead of working alone. If your vehicle was wrecked in a collision due to another person’s irresponsibility, a car accident lawyer can provide valuable help. By retaining the support of an attorney from Younglove Law Group, a lawyer will speak on your behalf, complete and file paperwork for you, level the playing field against other representatives and parties, and reduce the stress you would otherwise face during legal matters.
We suggest you refrain from representing yourself during your legal proceedings, as you might accidentally portray your version of events poorly. This could easily result in reduced compensatory value of your case, making it challenging to receive all the compensation you should qualify for. Instead, a lawyer can ensure your perspective is shared more favorably and effectively, allowing you to take home the compensation you deserve.
Younglove Law Group’s Car Accident Lawyers Can Help You Receive Fair Compensation
If you have been in a car accident and your vehicle is totaled or damaged, you might want help receiving fair compensation from the responsible parties. You will likely suffer other expenses due to the accident, but the lawyers from Younglove Law Group can help you receive sufficient payment for all your losses and damages in your time of need. Our clients trust us to bring them fantastic results during challenging legal proceedings, and we can do the same for you.
When you connect with our team, we can schedule your free consultation with one of our attorneys, answer your questions, and calm your other concerns. Please reach out to us by calling (949) 691-3660, using our toll-free number at (844) 810-1800, or completing our contact form when you are ready to get started.