What is Diminished Value?

Let’s face it.  No one wants to buy a vehicle that has been in an accident. If your vehicle is involved in an accident and has been repaired, you will receive less when you sell it.  That is called Diminished Value.  Ramji & Associates can get you the money you deserve on your Diminished Value IMMEDIATELY!

Basically, the money that you will not get whenever you sell/trade your vehicle in the future can be recovered by Ramji & Associates, PC NOW!  This is also known as LOSS OF VALUE.

The best part is that you don’t even need to be selling your car. Keep your car AND get the money.

Frequently Asked Questions:

1. 1. What is Diminished Value?
   2. Does my car have Diminished Value?
   3. Am I owed Diminished Value?
   4. Who pays Diminished Value?
   5. How do I get paid for Diminished Value?
   6. What does Ramji & Associates do?
   7. Does Ramji & Associates offer a guarantee?
   8. What experience does Ramji & Associates have?
   9. How much money can I expect to receive and how long will it take?

1. What is Diminished Value? Diminished Value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. This is also known as “Loss of Value”.

Example: A Honda Accord that has been in an accident is worth less than a Honda Accord with no accidents. Even if the Honda Accord was repaired well with no visible damage, the risk of unseen damage increases, and will cause Diminished Value.

2. Does my car have Diminished Value? After an accident, your car suffered Diminished Value. Even the best repairs to your vehicle will have a permanent condition called “evidence of repairs,” which will negatively affect the resale value of your vehicle. It’s similar to a scar on the body. It never goes away. Under law, everyone must disclose any accident history when selling a vehicle. After such a disclosure, most buyers are not willing to pay the same amount for the vehicle.

3. Am I owed Diminished Value? After an accident, the insurer is obligated to completely restore your vehicle to the condition it was in before the accident (pre-loss condition). Even after repairs, your vehicle is not in pre-loss condition because of Diminished Value. After an accident you are owed Diminished Value.

4. Who pays Diminished Value?
The insurance company of the person that caused the accident is responsible to pay Diminished Value.  If they do not have insurance, then you may, if you want use your own UM Insurance.

5. How do I get paid for Diminished Value? To get paid for Diminished Value, you must provide documentation to the responsible insurance company with an accurate assessment of your Diminished Value. That’s where we come in (keep reading).

6. What does Ramji & Associates do? Ramji & Associates gets you paid for Diminished Value! We handle everything from having the Diminished Value report prepared to filing the diminished value claim, to negotiating the settlement. Ramji & Associates also can file a law suit in the event a settlement is not reached.

7. Does Ramji & Associates have a guarantee? We at Ramji & Associates are confident that we will settle your claim to your satisfaction. In the unlikely event there is no settlement, there is no cost to you. Let us say that again, in the unlikely event that there is no settlement, there is absolutely no cost to you!

8. What experience does Ramji & Associates have?
Based on hundreds of settled cases, Ramji & Associates has an excellent track record for settlement of Diminished Value claims.  Ramji & Associates is unique from any other service because we handle your claim from start to finish. There IS NO FEE TO YOU, unless there is a settlement.  If you do not collect, Ramji & Associates bears the costs.

9. How much money can I expect to receive and how long will it take?

You can expect to receive the Diminished Value for your vehicle minus our fees of 33% in approximately one month. However, we have settled some Diminished Value claims in as fast as one week.