To Whom It May Concern: You recently filed a claim for damage to your vehicle under your auto policy. Georgia law requires that we consider any potential loss of value when we evaluate the damage to your auto. This potential loss varies from auto to auto and from accident to
This is State Farm’s standard cookie cutter – robot- letter issued to claimants requesting Diminished Value. Please read the Georgia Insurance Commissioner’s directive on 17c and the Mabry Formula. Why this letter in inaccurate: Mabry was a class action settlement. The class consisted of “all persons issued in Georgia automobile
State farm admitting that the 17c formula is unfair and that an actual appraisal yields a “great deal more” than the formula! Obviously, unless a “dispute arises”, they will try to sell you on their mabry formula. Tell State Farm NO, you will not accept their settlement offer. Hire Diminished
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
Many clients believe that if another appraiser gives them a higher initial estimate, the settlement amount will be equally high. WRONG!
Insurance companies know who the legitimate appraisers are, so don't get caught up in the estimate game. Hire an appraiser based on their credentials and reputation.
Seven things to look for when choosing an appraisal company
