GA First & Third Party Diminished Value Claims Alpharetta, GA
traffic accident wrecked car

When it comes to dealing with diminished value claims in Georgia, it’s important to understand the differences between first-party and third-party claims. Diminished value refers to the decreased value of a vehicle after it has been damaged and repaired, even if the repairs were done perfectly. This decrease in value can be a significant financial loss for the owner of the vehicle, and it’s essential to know your rights and options when it comes to making a claim.

Wreck Check Atlanta is your diminished value specialist partner that can help you with insurance claims after a vehicle accident. Here’s a bit more about how 1st and 3rd party diminished value claims work in Georgia.

What Is a First-Party Diminished Value Claim?

First-party diminished value claims occur when you make a claim with your own insurance company after your vehicle has been damaged. In this scenario, your insurance company will compensate you for the diminished value of your vehicle. However, the process of proving and negotiating the diminished value can be complex and challenging. It’s crucial to gather evidence and documentation to support your claim, such as repair invoices, appraisals and market research on the diminished value of similar vehicles.

What is a Third-Party Diminished Value Claim?

On the other hand, third-party diminished value claims occur when you seek compensation from the at-fault party’s insurance company. If another driver caused the accident that damaged your vehicle, you have the right to pursue a diminished value claim against their insurance company. In this case, you will need to prove the diminished value of your vehicle and negotiate with the third-party insurance company to reach a fair settlement.

Understanding the Law Is Critical

When negotiating a diminished value claim, understanding Georgia’s specific laws and regulations is crucial. Georgia law allows for diminished value claims, and the Georgia Supreme Court has affirmed the right of vehicle owners to seek compensation for the diminished value of their vehicles. However, proving and quantifying the diminished value can be challenging, and a thorough understanding of the relevant laws and regulations can make a significant difference in the outcome of your claim.

It’s important to note that the process and requirements for first-party and third-party diminished value claims can vary, and it’s advisable to seek professional assistance to navigate through the complexities of these claims. An experienced diminished value specialist can help you gather the necessary evidence, understand the relevant laws and regulations and negotiate with the insurance companies on your behalf.

First/Third Party Auto Diminished Value Claims in Georgia

Whether you’re dealing with a first-party or third-party diminished value claim in Georgia, it’s essential to understand your rights and options. Seeking professional assistance from Wreck Check Atlanta’s diminished value specialists can help you navigate through the complexities of these claims and improve your chances of reaching a fair settlement. Contact us today to learn more and get the help you need.

Posted on behalf of Wreck Check Atlanta

Our happy clients!

Wreck Check Atlanta is the leader in Post Repair Inspections, Diminished Value Assessments and detecting Improper and Unsafe Repairs. Due to our success we have many satisfied clients that would like to tell you about their experience with our company.

  • Amazing! He told me early on how much money he was going to be able to get me and he was spot on. I paid a small fee to get thousands more in my diminished value claim than the insurance company was offering. Further, RJ was very easy to get in contact with. He responded to my emails almost instantly. The whole process went by so quickly once he was involved. I would recommend him to anyone.

    Hunter Owens
  • My insurance company offered me 37 bucks in diminished value. My case was slightly complex due to the insurance companies appraiser being stubborn and difficult. It had to be escalated to an unbiased umpire for a final binding decision. I wasn't expecting for it to go this far however it did. I ended up getting close to 3K back. RJ is extremely professional and he fights for you. The only issue to me is his preferred method of communication which is by email. Which i became accustomed to because he responds more prompt that way. He generated a 30 to 40 page report. He works extremely hard and for that I'm appreciative.

    Ricky Major
  • RJ is Awesome! He got me 10x what the insurance company offered on a 2 year old accident. Also, I traded the car in 7 months ago so I no longer had it. If I could share this experience with every person I see I would. I’ve already told several family and friends, it’s really just unbelievable to me! If you have any question what so ever, I promise his fee will be the best $275 you’ll ever spend!!

    Paras Raichura
  • Very responsive and professional. Helped me through the process step by step. I know that without their help I would not have gotten any money from the insurance company, literally pennies on the dollar without Wreck Check!

    Mayra Saldana
  • RJ Sweeney is very quick, effective, and efficient. He got me more money out of my car’s value after my insurance company low-balled me. Use him!!!

    Jessica Via
  • Helped us through the process. Very responsive. We were able to get more than we originally though. Thanks, RJ!

    Dani Senne
  • This was my first time working with a diminished value appraiser and RJ Sweeney made it an amazing experience. He helped me get 10 times the amount of the original offer from the insurance company

Need help now?

Call us for immediate service!

Call Us: (770) 675-1828
Text Msg Line: (770) 759-8765
Skip footer