Investments require careful protection, whether it’s a car or high-profile stocks and bonds. One of the best ways to protect your investment portfolio is to get hail damage repaired. Hail damage can be cosmetic or structural, but both types should be fixed immediately. The longer you wait, the more your vehicle will depreciate.
Restore Your Vehicle’s Value
As a car owner, you know how important it is to maintain your vehicle’s value. Keeping up with repairs and regular maintenance is key to preserving your vehicle’s value and keeping it looking great. This is especially true for hail damage, which can significantly devalue your car. Whether you’re planning to sell your vehicle or want to keep it in good condition, promptly repairing hail damage will help you maintain your vehicle’s value. Unrepaired hail damage decreases your vehicle’s resale value and makes it look older and worn out. If you have comprehensive coverage on your car, repairing hail damage can be relatively inexpensive. Taking care of hail damage immediately will ensure that your insurance company will give you a fair settlement should you need to sell or trade your vehicle.
Save Money on Insurance
Depending on your car insurance policy coverage and deductible, filing an insurance claim to repair hail damage may save you thousands in repairs and reduce your premium. However, you should always carefully review your coverage before filing a lawsuit to ensure the damage falls under your comprehensive coverage. When your insurance company pays to repair hail damage, they subtract that amount from your car’s value. That means that if you have extensive hail damage, the insurance company may declare your vehicle totaled even though it is still drivable. You could wind up paying thousands of dollars for a replacement vehicle. Choosing a reliable hail storm vehicle repair in Denver CO, shop to perform the work on your car can help you avoid this issue. Prompt repairs will ensure that your insurance company provides you with a fair settlement to cover all of the necessary repair costs.
Avoid Rust
Hail damage often exposes the bare metal to the elements. Over time, this leads to rust, which can weaken the body of your car and cause serious safety issues. Repairing your vehicle as soon as you notice hail damage prevents rust from forming, which keeps your vehicle in good condition for years to come. Even if the dents and dings from hail damage appear minor, they can detract from the overall curbside appeal of your vehicle. This may turn away potential buyers, which could lower the value of your car. In addition, the paint that has been cracked and peeling from hail damage can expose bare metal to water. Over time, this leads to rust, weakening the integrity of your vehicle and reducing its useful life by years.
Prevent Additional Damage
The sooner you get your car repaired, the better. If you have to wait for your insurance company to inspect and create an estimate, you risk your vehicle being totaled or having its value devalued due to unresolved hail damage.
Even the mildest damage can add up quickly. Small dents that leave the paint intact can be repaired using paintless dent repair (PDR), but more severe damage will require repainting and panel replacement, which can take weeks or more to complete. You’re also at risk of losing thousands if you buy a used vehicle with unresolved hail damage from a private seller. Hail-damaged cars can look less attractive to potential buyers and may even deter them from making an offer.
Keep Your Vehicle Safe
Hail damage can have serious safety implications, particularly if the dents have affected your vehicle’s roof structure. The resulting cracks can weaken your roof and make it more likely to collapse, potentially causing you to lose control of the car and endanger yourself or your passengers. Preparing beforehand is wise if you live where hail storms are common. Check the weather forecast regularly and, if possible, avoid driving when hail is in the forecast. If you must, park your vehicle safely, such as in a parking garage or under an overpass or gas station canopy. Regardless of the severity of the damage, prompt repair is essential. If you accept a cash settlement from your insurance company, we recommend having the damage repaired by a local shop specializing in PDR (paintless dent repair). This repair type carefully transmits your damaged body panels back into shape without replacing them.