As a car owner, you may have heard of the term “diminished value” or “DV” at some point. It is a term used to describe the loss of value that a vehicle experiences following an accident, even after it is repaired to its pre-accident condition. Although it may seem unfair, this reduction in value can… Continue reading
After an accident, it’s not just the repairs that can be costly — your car’s value may decrease as well. This decrease in value is known as “diminished value.” Insurance companies offer payouts for diminished value claims to compensate car owners for the loss in resale value caused by the accident. However, many car owners… Continue reading
As technology advances, modern cars come equipped with more and more driver-assistance features that promise to make our driving experience safer and more comfortable. However, as unique as these features are, they pose a significant challenge regarding car repair and maintenance. With the growing number of sensors, cameras and other electronic components in modern cars,… Continue reading
As a car owner, it is essential to ensure your vehicle is always in good condition. This means that you have the right to expect adequate repairs after an accident. While there are many great technicians out there who can fix your car, some are not so great. Unfortunately, it can sometimes be difficult to… Continue reading
Dealing with insurance claims can be daunting, especially when facing disputes with insurance companies over issues like diminished value. You may find yourself in such a situation. If so, there is a viable solution to help you achieve a resolution faster – filing a complaint with the Department of Insurance in your state. The Insurance… Continue reading
If you are in an auto accident that causes damage to your vehicle, your first call may be to your insurance company. It is understandable to want to find out how to fix your car or truck as quickly as possible. However, it is essential to remember that insurance companies will always want to pay… Continue reading
When it comes to car accidents, many different factors can come into play when determining who is at fault and what kind of damages should be awarded. One type of damage that is often overlooked is diminished value, which refers to the reduction in value that a car experiences after it has been in an… Continue reading
When you’re involved in a car accident in Georgia, the value of your vehicle may diminish due to the damage sustained. However, insurance companies often employ tactics to reduce the amount they pay out for diminished value claims. Understanding Georgia diminished value rules is crucial to ensure you receive fair compensation. The 17c Formula and… Continue reading
If you have just been in a car accident, your insurance company may have directed you to a specific repair shop. While it may seem convenient to have your insurance company handle everything, there are potential problems when car insurance companies choose the company that will repair your car. You may not be given the… Continue reading
Taking a look at examples of bad faith can illustrate how an insurance company may treat you unfairly. When you have been injured in an auto accident, bills will role in for additional expenses. You will have medical costs while potentially suffering from loss of earnings. In the case of serious injury, you may also… Continue reading
