Diminished Value of Georgia

What is diminished value after a car accident?

Diminished value is the permanent drop in your vehicle's resale price that remains even after repairs are fully completed. Diminished Value refers to the reduction in a vehicle's resale value following an accident or incident (such as a collision, fire, flood, or hail). While vehicles naturally depreciate over time, accidents can significantly accelerate this depreciation, leading to an immediate drop in market value.

What should I know about diminished value claims ?

Accelerated Depreciation & The Law As personal property that undergoes regular use, automobiles naturally decrease in value over time. Car accidents hasten the rate of this normal depreciation and cause an immediate, measurable loss in value. 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.

What Do Our Customers Say?

See what our satisfied clients say about our exceptional service and accurate estimates. David Williamson My truck was involved in major rear end accident. Gave Diminished Value my repair bill. They put together a legal letter and diminish value report. I sent in insurance company, with in a week I had a check for the full diminished value without have to fight with the insurance company.