The Dollars and Cents of a Georgia Diminution in Value Claim
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.
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If you are hesitating to call us for help, take a look at our recent case results.
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$235,000 $235k for Officer Who Was Struck While Directing Traffic
For Officer Who Was Struck While Directing Traffic
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$110,000 $110k Settled for Client Injured in T-Bone Collision
Settled for Client Injured in T-Bone Collision
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$200,000 $200k for an Individual Was Injured in an Accident While on the Side of the Road
For an Individual Was Injured in an Accident While on the Side of the Road
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$525,000 $525k Result for Man Injured by Dump Truck
Result for Man Injured by Dump Truck
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$350,000 $350k for Knee Injury Caused by Tractor Trailer
Knee Injury Caused by Tractor Trailer
How to Prepare for a Diminished Value Claim
To make certain you receive full payment from the insurance company after a car accident and vehicle damage, you will have to arm yourself with knowledge and information by doing the following:
- Collect evidence. It never hurts to take pictures of your car after an accident. In addition, you may wish to locate pictures of your car prior to the accident as well. Other evidence could include information from your mechanic, repair bills, and any prior appraisals.
- Document everything. Make sure to document any conversations you have with the insurance company, the party that caused the accident, and your car repair shop. Keep track of conversations or take notes, as all information could become useful during negotiations.
- Get an appraisal. In order to determine how much the insurance company owes you, you must determine the current value of your car. A professional appraisal is often required under the law in order to file a successful claim.
- Don’t just settle. It may be tempting to take any amount of money offered to you by an insurance company after a car accident. However, in many cases, the insurance company is banking on you accepting an unfair, lowball offer. If the settlement seems low, or if you have not done your own research, don’t sign anything.
- Speak with an attorney. The best way to understand your case, negotiate your claim, and get a fair amount of compensation is to collaborate with an insurance claims lawyer experienced with diminution in value claims.
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Proven Record of Results
Van Sant Law has recovered millions in compensation for our clients’ benefit.
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Van Sant Law is committed to professional and experienced personal injury representation.
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Our legal team includes former defense attorneys for large insurers who know how they settle injury claims.
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Our firm works hard to ensure that your needs are taken care of during your recovery time. We work for you so you can get your life back.
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Our firm works on a contingency fee basis. Meaning there are no fees or costs unless we recover compensation for 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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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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Our firm is dedicated and committed to providing you with the best legal services possible, from your education on the issues to fighting for positive results for your case. Through a free, initial consultation, we will make sure you understand the best way to approach your case, and we’ll review any relevant documents that you provide us with to make sure we have a full, detailed picture of your situation.
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.
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