Atlanta Diminution in Value Claims
Get Compensation for the Diminished Value of Your Vehicle
After a serious accident, your car or truck will never be “as good as new,” especially when it comes to the resale value of the vehicle. In fact, a well-maintained vehicle that has been in a wreck and repaired may lose one-third or more of its previous value even if it looks great and runs wells. Why? Most consumers, given the choice, would prefer not to purchase a previously damaged vehicle for fear of future mechanical problems.
For accident victims, this often means that even if the at-fault party pays for all of your car’s repairs, you may still lose tens of thousands of dollars when it comes to the overall worth of your vehicle. You should know that, according to the law, the at-fault party is responsible for restoring the full market value of your car, not just paying for the immediate repairs. In other words, if your repaired car is worth less than it was before the accident, the responsible party must make up the difference.
At Van Sant Law, we want our clients to receive all of the compensation owed to them under the law after a motor vehicle accident, including money to make up for the diminished value of the damaged vehicle. If you believe that you are not getting a fair settlement after your car accident, we may be able to help.
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My attorney, David Van Sant and his law firm were outstanding in handling my personal injury case. I was out of work for a considerable amount of time due to an automobile accident and Mr. Van Sant and his entire team were always kind, professional, knowledgeable and especially available. This law firm did their absolute best to answer and return calls and at no time did I ever feel like just a number or stranger. My experience with Mr. Van Sant and his law firm (from beginning to end), were very positive as well as favorable.
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The team really helped us as we navigated the claims process after our oldest child had his car totaled by a drunk driver! They were incredibly professional and helped us through every step of the process! Would absolutely recommend their services! Thank you!
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I used Van Sant Law for my auto accident claim and I'm so glad I did! Parker, my attorney, was especially great. He really eased my pain and got me the best settlement possible. I highly recommend Van Sant Law. They did right by me and I'm very happy with their level of service.
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The Dollars and Cents of a Georgia Diminution in Value Claim
“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)
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.
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.
