We Represent a Wide Range of Diminished Value Claims in Houston
Texas state laws allow you to pursue a claim for the diminished value that your vehicle suffered after an accident. However, you cannot file an diminished value claim if you were the at-fault party. Your Houston diminished value claims lawyer will analyze your case’s facts and circumstances to determine the direction in which you may want to take it.
There are three (3) categories of compensation governing your claim, including:
- Repair diminished value claims: This type of claim refers to the value lost due to the inability to repair or restore the vehicle to normal. After the repairs are made, depreciation of your car will occur. Repair diminished value claims are typically reserved for high-end, rare, or foreign vehicles.
- Immediate diminished value claims: The car’s insurer provides immediate diminished value claims to make up for the difference between the vehicle’s resale value before and after the accident. This compensation is provided before the vehicle is repaired.
- Inherent diminished value claims: The most commonly awarded form of compensation for diminished value is inherent claims. It provides enough money to repair the vehicle based on the car’s resale value, which means that it is estimated based on the car’s new value.
If you were in a car, motorcycle, or truck accident and your vehicle were damaged, hire a Houston diminished value claims lawyer at the law offices of Omar Khawaja to get you the compensation you need for your losses. We can offer you legal advice while helping you recover from your accident.
There Is a Statute of Limitations that Applies to Diminished Value Cases
Like a personal injury case, there are deadlines in the form of a statute of limitations that applies to diminished value cases. In Texas, you have up to two (2) years from the date of your vehicle’s damage to file a claim. If you do not file before this cutoff date, you effectively forfeit your right to file a claim.
If You Think You Missed the Diminished Value Statute of Limitations
There are exceptions to the rule, however limited they are. Even if you think that you missed your case’s statute of limitations, it is still worthwhile to speak with a Houston diminished value claims lawyer at The Law Offices of Omar Khawaja to determine if there is another course of redress available.
Contact a Houston Diminished Value Claims Lawyer
It is challenging to navigate a diminished value claim due to the complicated laws and requirements involved. Your Houston diminished value claims lawyer on our legal team will help you pursue the best possible outcome while answering your questions every step of the way.
Get answers today with a free case evaluation by messaging us online or calling (713) 561-5454.