The Dollars and Cents of a Georgia Diminution in Value Claim
To learn the diminished value of your vehicle, you have to subtract the value of your car after the accident from the value of your car before the accident. For example, if your car was worth $50,000 before your accident and only worth $35,000 after all repairs, your car diminished in value by $15,000.
Although insurance companies are aware that they owe you for the diminished value of your vehicle, getting them to agree to the correct payment can be extremely difficult. They may argue with you about the value of your car before the accident, the value of your car after the accident, or the formula with which the diminished value was calculated. To receive fair compensation for the damage done to your car, you may have to fight back the diminution in value claim with the help of a Georgia car accident attorney.
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$1,320,000 $1.32 Million for Man Involved in T-Bone Collision
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Neck Injury Involving Commercial Vehicle
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$275,000 $275k Settlement for Client Involved in Head-on Collision
Settlement for Client Involved in Head-on Collision
How to Prepare for a Diminished Value Claim
To make certain you receive full payment from the insurance company after a car accident and vehicle damage, you will have to arm yourself with knowledge and information by doing the following:
- Collect evidence. It never hurts to take pictures of your car after an accident. In addition, you may wish to locate pictures of your car prior to the accident as well. Other evidence could include information from your mechanic, repair bills, and any prior appraisals.
- Document everything. Make sure to document any conversations you have with the insurance company, the party that caused the accident, and your car repair shop. Keep track of conversations or take notes, as all information could become useful during negotiations.
- Get an appraisal. In order to determine how much the insurance company owes you, you must determine the current value of your car. A professional appraisal is often required under the law in order to file a successful claim.
- Don’t just settle. It may be tempting to take any amount of money offered to you by an insurance company after a car accident. However, in many cases, the insurance company is banking on you accepting an unfair, lowball offer. If the settlement seems low, or if you have not done your own research, don’t sign anything.
- Speak with an attorney. The best way to understand your case, negotiate your claim, and get a fair amount of compensation is to collaborate with an insurance claims lawyer experienced with diminution in value claims.
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Van Sant Law has recovered millions in compensation for our clients’ benefit.
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Van Sant Law is committed to professional and experienced personal injury representation.
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Our legal team includes former defense attorneys for large insurers who know how they settle injury claims.
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I had a head on collusion that left me with a totaled car & very bad injuries. From the first time I spoke to David Van Sant to the end I have been totally satisfied. I worked with Patricia she was very compassionate yet professional she was always ready to answer any concerns that I might have. I am grateful that my daughter found this law firm for me.
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Our firm is dedicated and committed to providing you with the best legal services possible, from your education on the issues to fighting for positive results for your case. Through a free, initial consultation, we will make sure you understand the best way to approach your case, and we’ll review any relevant documents that you provide us with to make sure we have a full, detailed picture of your situation.
Get Full Compensation for Your Damaged Vehicle After an Accident With Help From Our Insurance Claims Attorneys
If your vehicle has been damaged in a car accident and repaired, you may wish to make a diminished value claim to recover your associated losses. At Van Sant Law, we can help you get fair compensation as quickly and efficiently as possible. We have learned, through years of experience, how to create, support, and defend our claims in order to get the best results.
To learn more about our legal services and how to fight a diminution in value claim, or to request a free claim evaluation, please call our offices today. Do not let the insurance company take advantage of you. Discuss your legal options with a Georgia accident attorney and find out what can be done to recover the lost value of your vehicle.
We are available to help in your Georgia claim from any of our offices throughout Atlanta, Alpharetta, Athens, Cumming, Duluth, Lawrenceville, Sandy Springs, and Gainesville.
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