What Is A Diminished Value? Alpharetta, GA

If you have been involved in a motor vehicle accident, you will know the stress, worry and aggravation that follow. In the best-case scenario, neither you nor your family will have been harmed in the collision, due to the structural integrity and safety features of your vehicle.

It is very likely that there will be some damage to your car as a result of this collision. This can look like cosmetic damage, such as scuffed paintwork, or more severe in the case of impairment to the chassis of the vehicle.

If you are not at fault in an accident, your insurance company should return your car to a pre-collision condition, ensuring it is properly repaired to a high standard. However, the fact that your automobile has been in an accident may reduce its value should you decide to sell.

How Diminished Value Affects You

There are three types of diminished value. Firstly, there is the value that your car holds immediately following an accident. Your insurance company should seek to return the value of the vehicle what it was prior to the collision, either by way of compensation or repair. Secondly, inherent diminished value refers to the intrinsic loss of trust potential buyers will have in your car simply because its logs will demonstrate that it has been in an accident.

Even if your car has been repaired to manufacture’s standards, you will receive lower offers of purchases, as records show a collision has occurred. You may be able to claim the difference in the pre-accident value of your vehicle compared to the purchase price from your insurance company. Finally, repair-related diminished value means that your car has been repaired using sub-standard techniques and parts. This ranges from paintwork being the wrong color or the use of aftermarket parts.

How Can Wreck Check Help?

Many online resources recommend diminished value calculators to estimate the potential loss you will face on selling your vehicle. At Wreck Check, we believe online calculations devalue your rights. You may not be aware that inappropriate parts have been used, for example, or of the severity of the damage that your car incurred.

If you intend to sell your vehicle and it has previously been in a collision, contact Wreck Check Atlanta today to determine the true value of your car.

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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