Get Compensation for Your Car’s Lost Value After an Accident
Even after repairs, your car is never truly “as good as new.” A serious accident can diminish your vehicle’s resale value by one-third or more, even if it looks perfect and runs well. Most buyers avoid previously damaged vehicles out of concern for future problems — and under Georgia law, the at-fault party is responsible for covering this loss, not just your immediate repairs.
At Van Sant Law, our Atlanta diminished value claims attorneys help accident victims recover the full market value of their vehicle, including losses caused by diminished value. If your insurer is offering a low settlement or denying your claim, we fight to ensure you get what you deserve.
Insurance companies often try to minimize payouts, disputing your car’s pre-accident value, post-repair value, or the calculation method. Our attorneys have years of experience negotiating diminution in value claims and understand Georgia law. We can:
- Investigate your claim and gather evidence to prove the diminished value.
- Work with expert appraisers to establish accurate pre- and post-accident values.
- Negotiate with insurers to secure fair compensation.
- Advise on whether filing a lawsuit is necessary to protect your rights.
“I was in an auto accident in August of 2011. I hired David Van Sant to help me with my case. David and his team helped me throughout the whole process and made it a more bearable experience. His team was there for me every step of the way. Anytime I emailed them or called them they either answered me right away or called me right back. They helped me with pretty much everything by getting the medical bills straightened out, finding good doctors, and even helped me deal with some of the emotional issues that I had from having a bad accident. I recommend this law firm. Very caring, professional, and just all around top notch.” (Hailey B. – personal injury client)
How to File a Diminished Value Claim in Georgia
Filing a claim involves several critical steps. Following them carefully increases your chances of full compensation:
- Collect Evidence: Take photos of your vehicle after the accident and locate any pre-accident photos, maintenance records, or appraisals.
- Document Everything: Keep notes of conversations with insurance representatives, repair shops, and the at-fault party.
- Get a Professional Appraisal: A certified appraisal of your car’s value before and after repairs is often required by insurers and Georgia law.
- Submit Your Claim: Formally request a diminished value settlement from the at-fault driver’s insurance company. Include evidence and appraisals.
- Negotiate with the Insurance Company: Don’t accept the first offer — insurers often lowball. Your attorney can handle negotiations to maximize your payout.
- Consider Legal Action: If the insurance company refuses a fair settlement, we can file a lawsuit to recover your car’s full diminished value.
Calculating Diminished Value
To calculate your car’s loss in value:
Diminished Value = Pre-Accident Value – Post-Repair Value
Example:
- Pre-accident value: $50,000
- Post-repair value: $35,000
- Diminished value: $15,000
Our Atlanta car accident lawyers ensure all evidence is properly presented to the insurance company so you receive the maximum compensation possible.
Why Choose Van Sant Law
- Proven Experience: Years of handling Georgia diminished value claims.
- Local Knowledge: We understand Georgia insurance laws and Atlanta-specific accident trends.
- Client-Focused: We fight for maximum compensation for repairs, lost value, medical bills, and emotional distress.
- No Upfront Fees: Free consultation and contingency-based representation.
Frequently Asked Questions
What is a diminished value claim?
A claim for the loss in your vehicle’s market value after an accident, even if repairs restore its appearance.
How do I calculate my car’s lost value?
Subtract the post-repair value from the pre-accident value. Professional appraisers can provide official documentation.
How long do I have to file a diminished value claim in Georgia?
Georgia law typically allows up to four years from the date of the accident to file a claim, but earlier action is recommended.
How do I request a diminished value claim?
Submit your claim to the at-fault party’s insurance company with evidence, appraisals, and documentation of your car’s diminished value. An attorney can handle this on your behalf.
If your car or truck has lost value after an accident, don’t let the insurance company underpay you. Contact Van Sant Law today to schedule a free consultation with an Atlanta diminished value claims attorney.
Call (800) 234-9556 or submit our online contact form to discuss your claim and start the process of getting full compensation.
