diminished value
Simply put, diminished value is the difference in value in your vehicle before and after an accident. No person will pay the same for a damaged vehicle, even if it is perfectly repaired, than they would if the vehicle was not damaged in the first place. This is where an experienced and excellent diminished value lawyer comes into play.
If you are involved in a car accident in Georgia, and your vehicle suffers damage, then you have a diminished value claim, no matter how little damage is done to your car! This is true even where you are at fault for the accident, or where you are involved in a one-car accident. In Georgia, the Statute of Limitations for a diminished value claim is four years.
A vehicle that is involved in an accident and repaired loses value because of many factors; the accident may show on a Carfax/AutoCheck report; the stigma of an accident/repair in consumer’s minds, even the use of third-party parts in the repair instead of original manufacturer parts.
When you retain our firm for your diminished value claim, we take all the pressure and stress off you. Our firm will obtain your repair estimates, coordinate and pay for an expert diminished value appraisal from our network of appraisers all over Georgia, and coordinate any inspection of your vehicle with the insurance companies.
Diminished value laws in Georgia are quite favorable to a claimant when compared to other states and there are not many scenarios where you do not have a claim. The two most common times a plaintiff may not have a valid diminished value claim are if the vehicle is totaled, or where the plaintiff is not the owner of the vehicle.
Call our offices to discuss you diminished value claim today!