Understanding Georgia Diminished Value Rules Alpharetta, GA
traffic accident wrecked car

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 Arbitrary Calculations: What They Mean for Diminished Value

One commonly used formula in Georgia diminished value cases is the 17c formula, which was applied in the Mabry vs. State Farm class action lawsuit. This formula calculates the maximum diminished value award by multiplying the vehicle’s value by a 10% cap. However, modifiers such as damage severity and mileage can lead to further deductions. It is important to note that insurance companies may employ similar calculations to reduce payouts, often using arbitrary methods that benefit their bottom line.

Challenges and the Need for Independent Diminished Value Assessments

Insurance companies frequently prioritize their profits over providing fair compensation to claimants. They may attempt to diminish the value of a vehicle to minimize their financial liability. However, the fact that an automobile has been involved in a collision automatically reduces its value, regardless of when it was purchased. Insurance companies may also opt for non-approved parts during repairs, further devaluing the vehicle and impacting its resale value. To counter such practices, seeking an independent assessment of the vehicle’s actual diminished value is crucial.

The Importance of Diminished Value Specialists

Engaging the services of a diminished value specialist can be instrumental in challenging an insurance company’s appraisal. With their expertise and experience, these specialists can provide accurate assessments and alternative arguments that increase the vehicle’s value. By presenting a comprehensive report that considers factors such as repairs, damage severity and maintenance history, they offer an objective evaluation that helps vehicle owners negotiate fair settlements and avoid potential losses.

If you require reliable guidance and support in understanding and asserting your diminished value rights, reach out to experts in the field at Wreck Check Atlanta. Knowledgeable professionals have the experience necessary to help you navigate the complex world of diminished value claims, ensuring you receive the compensation you deserve. Take control of your claim and consult with specialists who can provide accurate assessments and support throughout the process. Contact Wreck Check Atlanta today.

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

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