Diminished Value of Georgia is Atlanta’s #1 Car Appraisal Company
Diminished Value of Georgia is Atlanta’s #1 Car Appraisal CompanyWas Your Car Damaged
in an Accident?
Wondering how much car lost in Value? Please fill out the form below and our licensed appraiser will review your damages and provide you with a free, no-obligation Diminished Value quote.
Free Estimate
Why choose us?
Diminished Value of Georgia is a local, trusted car appraisal company serving the greater Atlanta area. We offer a full range of car appraisal services to meet the needs of insurance claimants, car buyers and sellers, and classic auto collectors.
Nationwide
Regardless if you live in New York, Texas, Florida or California our reports will work for your insurance claim.
Fast & Reliable
Most of our appraisal reports are produced within 24 hours of your order so you can get paid quicker.
Fully Licensed
We are fully licensed: Motor Vehicle Damage Appraisers, Auto Appraisers, Independent Adjusters and Car Dealers.
Experience
Our team of industry professionals possesses a total of 30 years of collective experience in the automotive field.
Professional
Our appraisers adhere to a strict code of ethics. We will guarantee a pleasant service or your money back.
Highly Rated
Our company holds an A rating with the Better Business Bureau and has received high praise from previous customers.
What is Diminished Value?
Diminished Value or Loss in Value is defined as the reduction in the resale value of an automobile caused
by
a car accident (collision) or an incident (fire, flood, hail).
How does it work?
In general, automobiles are depreciating assets, however, an accident will accelerate this depreciation and will cause an immediate and instant drop in market value.
If you’re trying to sell your wrecked and repaired vehicle, the buyer will likely refuse to pay the same money for it as they would an accident-free car, so you are likely to sell it at a discount. In other words, you just lost some money or equity you may have had in your vehicle.
Insurance companies are typically required to reimburse for the reduction in value after repairs, this loss in value is owed in CASH to you, the vehicle owner after the repairs are completed.
Vehicle valuation services
desk appraisal
Flat rate
$275
- USPAP Compliant Valuation Report
- Demand Letter Tailored to Your Claim
- Supporting Documents
- Follow-Up Letters
- Email Support
- Phone Support
Understanding more about Diminished Value
Accelerated Depreciation & The Law
Automobiles decline in value due to regular use. Accidents accelerate this depreciation and result in an instant and quantifiable reduction in worth.
According to auction data, even after a repair, a vehicle that has been in a wreck will sell for less than a comparable undamaged auto.
Georgia’s Supreme Court decision (Mabry V State Farm) recognized as a matter of law that a vehicle cannot be completely returned to its pre-accident value because the majority of car shoppers will NOT be interested in purchasing a car that has been through an accident or will demand a hefty discount.
An accurate calculation gives a fair impression of the true value of accelerated depreciation and improves the car owner’s chances of being made whole.
The 17C formula
By and large, in calculating payments for a vehicle’s diminished value, insurance companies rely on an unfair and inaccurate formula known as the 17C Formula.
This method uses a series of overly simplistic factors and a 10% cap to arrive at an unrealistic calculation of an auto’s lost value. Even the Georgia Insurance Commissioner Directive on the Handling of Diminished Value Claims.
The good news is a car owner can present an alternate reliable appraisal and often increase the amount of the insurance company’s payout for diminished value.
What do our customers say?
Contact Us
Any questions?
You’re not alone, most of our clients are hesitant in trusting the insurance carrier and usually want a second opinion.
Please fill out the form on the side and our licensed appraiser will review your damages and provide you with a free, no-obligation Diminished Value quote. Our team will guide you through the entire process and explain what compensation you are entitled to.
Get a Free Claim Review
Wondering how much your vehicle lost in Value? Click the button to know more.
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1075 Peachtree Street NE
Atlanta GA 30309 - Phone | (678) 404-0455
- Whatsapp | (678) 666-2575
- Fax | (678) 868-1832
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