Georgia Diminished Value Insurance Claims
Recover the loss in vehicle value after a Georgia accident
Once any vehicle—be it car, truck, RV, boat, motorcycle, or ATV—has been in an accident, the value of the vehicle goes down. This wasn’t always so. It used to be more difficult to establish a vehicle’s involvement in a crash. But with technology available today, anyone can go online and use a service such as Autocheck.com, Edmonds, or Carfax to find out if a car has been in an accident. Similar services exist for other types of vehicles. So even if your vehicle has been completely repaired to new condition, it becomes less desirable and therefore has a lower selling price.
Some insurance policies are now required to include this loss of value in your accident claim. This is called diminished value,, the difference between what your vehicle was worth before and after an accident. The Georgia vehicle accident attorneys at Kenneth S. Nugent, P.C. routinely include claims for diminished value when representing clients in such cases by:
- Reviewing your policy terms and conditions
- Determining the extent and value of damages
- Calculating how much your vehicle’s value diminished as a result of the accident
- Filing an insurance claim for diminished value
- Filing a lawsuit to collect diminished value if it is not included in your insurance policy
The purpose of insurance is to be made whole. Recovering the diminished value of a damaged vehicle is part of this process. You diligently paid your insurance policy premiums. So you deserve to be compensated when an accident caused by another reduces the value of your property.
Get help with Georgia diminished value claims—One call, that’s all
We serve all of Georgia, including Dalton, Gainesville, Athens, Atlanta, and Columbus. Let us help you with a free case review to determine the extent of your claim. For top-notch attorneys to represent your diminished value claim, contact Kenneth S. Nugent, P.C. online, click on Chat Live, or call us toll free at 1-888-579-1790.