Automobile Diminished Value claims are frequently contentious. In addition to the difficulty in finding common ground regarding a vehicle’s loss in value after accident repairs, numerous methodologies exist for determining the measure of relief. The mediation process is informal; attorneys are not necessary, there are no rules of evidence and no witnesses.
Mediation offers both the car owner and the insurance company the opportunity for a fast and informal settlement of the dispute. Rather than leaving the decision to a third party, such as magistrate who may not be well-versed in this field, mediation provides the opportunity to reach an agreement that works for both the car owner and the insurer. Mediation is fair, efficient and can help the parties avoid a lengthy investigation and litigation.
There is no need to attend a mediation session. After providing evidence of their claims, each party simply awaits the decision of the mediator. This process typically takes no longer than one week. Parties are generally more satisfied with solutions that they have had a hand in creating, as opposed to verdicts that are rendered by a judge.
The cost for mediation of an Automobile Diminished Value claim is $300.00 which shall be divided between the parties. As soon as payment and other necessary information is received, we will begin working on a fair settlement figure. After a resolution has been reached, there are no additional fees charged to either party.
Interested parties should call 772-359-4300 for more information.