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Definition: What is Diminished Value?


Diminished Value is defined as the depreciated value of an automobile accelerated by an accident (collision) or an incident (fire, flood, hail).
Automobiles are depreciating assets that normally decrease in value as time goes by; car accidents on the other hand, hasten the normal rate of depreciation and lead to an immediate and quantifiable loss in value.

FACT: A wrecked and repaired vehicle will always be inferior to, and have less value than an undamaged counterpart.

Courts have stated that vehicles involved in an accident suffer an inherent reduction in value, and that efficient repairs could not return said vehicle to its pre-accident condition or value. The majority of car shoppers will not be interested in acquiring a wrecked and repaired vehicle; the few that are, will demand a hefty discount. Buyers tend to be afraid of the long-term implications of a collision as well as the negative impact on the vehicle history report.

Diminished Value Claim Calculator:

Below is an example of a typical loss in value claim.

  • Vehicle: 3 year old Lexus Sedan
  • Damage Type: CollisionDiminished Value Car Appraisal
  • Repair Amount: $10,500
  • Severity: Major, structural damage reported
  • Pre-Accident Cash Value: $27,500
  • Post-Repair Cash Value: $22,900
  • Loss in Value: $4,600 – This is the amount the vehicle owner should request from the insurance company.

If you were involved a recent car accident, please visit our ” Do I Qualify for Diminished Value?” page to check if you’re entitled to monetary compensation.

Why Hire a Licensed Car Appraiser?


diminished valueTo be properly compensated for your loss in resale value, it is very important to hire the most qualified auto appraisers available. Not only should the appraiser be licensed by an official state entity, they should also adhere to a strict code of ethics.

Insurance carriers tend to use a bad formula called 17c to settle diminished value claims. Vehicle owners, unaware of their right to reject and dispute settlement amounts, end up leaving millions of dollars uncollected only to suffer sticker shock when selling their cars.

Our analysis has proven that the 17c formula is incorrect, unfair and inherently flawed; the Georgia Insurance Commissioner does not endorse the formula used by insurance carriers. Read the Georgia Insurance Commissioner Directive on Diminished Value.

Why Order a Diminished Value Car Appraisal Report?


To dispute the insurance carrier’s unfair 17c offer, it is your responsibility to submit to the insurance company a USPAP compliant car appraisal report to document your loss.

Diminished Value of Georgia offers auto appraisal reports that include the following:Diminished Value Car Appraisal

  • Multi-Point vehicle inspection
  • Vehicle History Report
  • Repair Quality Analysis
  • Insurance demand letter tailored to your claim
  • Market Analysis of comparable automobiles
  • Supporting legal documents
  • Automotive industry guide
  • Pre-Accident value
  • Repair estimate analysis
  • Post-Repair Value
  • Loss in Value Amount

As you can see, this is a complete and comprehensive diminished value solution that you cannot find elsewhere. For more information please visit the Why hire DVGA page to learn more about why you need to select us for your auto appraisal needs.

If you are ready to move forward, visit our order page to get started. We look forward to helping you collect the payout you truly deserve.

Not All Auto Appraisers are Created Equal!


Atlanta Car AppraisalIn Georgia, regardless of fault, you are entitled to your vehicle’s loss in resale value. Collecting diminished value on the other hand depends on many factors, the most important of which is the selection of a competent auto appraiser. Your insurance settlement is proportional to the credibility and accuracy of your appraisal report. Insurance carriers know who the legitimate appraisers are, don’t spend your money on a bad appraisal.

For best results and for the highest payout percentage, always hire a licensed auto appraiser. Someone that is reputable, BBB accredited and always check if the appraiser you’re considering offers a money back guarantee! Our settlement percentage is the highest in the business and that’s for a reason. 

Our appraisers and inspectors have 30+ years of combined auto experience; we are experts in automobile valuations and the authority on diminution in value auto claims. Did you know that in the first half of 2013 we helped our clients achieve an additional $4.5 million in additional insurance claim payouts?

We are intimately familiar with Georgia’s diminished value law, in fact, our senior appraiser is approved by the Georgia Bar association to conduct lawyer continued education training.

We are so confident of the quality and accuracy of our appraisal services, we offer an industry first 100% money back guarantee, we are ethical, reliable and top rated. You can always retain our appraisal services for a flat appraisal fee, we never charge a percentage of your claim.

Please Note:We are not a law firm and don’t offer legal or financial advice. We are auto appraisers and our mission is to provide you with a valuation report that will help you substantiate your claim and give you the documentation needed to be properly compensated. We cannot promise that insurance carriers will act in good faith. Based on feedback from our clients 90% of claims are amicably settled after submitting our report to the insurance company.

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