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Alfred Abel's Blog
Inflated appraisal of damaged car and diminished value claim
- Details
- Monday, 09 January 2012
- Written by Super User
Here's a situation involving a first party claim and a diminished value claim.
I bought a 2010 Subaru Forrester in Oct 2010. I paid $20,000.00 in cash and traded in my old car that was worth about $5,000. 10 months later, I got into a bad accident involving 6 cars under an underpass. I was at fault for the collision in front of me, but other cars hit me from behind and I am not at fault for that.
Washington Court upholds diminished value claim
- Details
- Friday, 06 January 2012
- Written by Super User
Here's a link to an interesting case involving diminished value for cars. It's a Washington State case, and also a class action suit. The court upheld the consumers right to diminished value under a Washington insurance policy.
Property damage, diminished value and injury claims
- Details
- Monday, 26 April 2010
- Written by Super User
If you have a property damage claim, here's an important book to read. "Delay, Deny, Defend" by Jay M. Feinman. An article about this book appeared in the Philadelphia Inquirer and here's a link to the article. The author is Jeff Gelles, a reporter for the paper.
Diminished value or loss of value propery damage claims
- Details
- Sunday, 29 November 2009
- Written by Super User
I just settled a property damage claim for a married couple who pursed a property damage claim for a car accident but not a personal injury claim. No other lawyer would take it because these claims are so small compared to personal injury claims. Normally, I would decline the case too, but the case was referred to me by a colleague, so I agreed to accommodate them.
Michael Vick Bankruptcy
- Details
- Friday, 28 August 2009
- Written by Super User
Michael Vick was in the news today, but not for dog fighting or football. It was for his bankruptcy case.
People may wonder why a highly paid professional athlete who was once the highest paid athlete in the NFL would need to file a bankruptcy case. As the old saying goes, people who earn a lot spend a lot. But, though the headline said that the judge handed Vick a victory, it is not clear that it was anymore of a victory than an ordinary debtor would get.
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