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Diminished Value Georgia

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Georgia Diminished Value

Diminished value of an automobile following an accident may occur in one of three ways:

  1. Repair-related Georgia Diminished Value – is the loss of value due to the inability to perfectly repair the vehicle. Meaning that the car is now worth less after repairs than it was before the wreck.
  2. Immediate Georgia Diminished Value – The difference in resale value of a vehicle before damage occurred, and the resale value after damage has occurred before being repaired. The immediate Diminished value also is the loss of value caused by the insurer’s direct involvement in the claim adjustment. Meaning that the insurer gains control over the repairs resulting in repairs incomplete, insufficient, and leaving the car less than standard optimal condition.
  3. Inherent Georgia Diminished Value – This is the most widely recognized and accepted form of Diminished Value. This will ensure that the best repair quality has been achieved and is defined as the amount by which the resale value of a repaired vehicle has been reduced due to accident. It is also the basis upon which any supplemental form of Diminished Value would be added.

It’s just common sense.

Let’s assume you were shopping for a late model used vehicle. You come upon a dealer who has 2 identical vehicles that match what you are looking for. These vehicles are the same year, make and model. They have the same mileage and options. They appear to be in the same general condition. The sticker price for both vehicles is $20,000. You ask the dealer if either vehicle has ever been wrecked and he tells you that one of the vehicles had sustained $6,500.00 in collision damage, but the repairs were expertly completed and you cannot tell there was ever any damage. Now there are just 2 questions that remain.

  1. Would you still give equal consideration to each vehicle?
  2. (If you answered no to #1) How much of a discount in the price would have to be offered in order for you to give the wrecked and repaired vehicle equal consideration?

The bottom line is:

If you were not at fault in the accident, the at-fault party (or their insurance company) owes you money. This is true in all 50 states. There is over 75 years of case law to back that up. If you live in the state of Georgia, you can collect your Georgia diminished value whether you were at fault in the accident or not. This is based on a class action lawsuit in 2001 (Mabry v State Farm).

How much value has your vehicle lost?

Don’t let the insurance company tell you. Ask The Experts at Collision Claim Associates, Inc. We are professional vehicle appraisers who will provide you with the documentation you need to get the compensation you’re entitled to.


  • Total Loss Claim InfoDo I have Diminished Value? Probably, if the vehicle has no previous or significant damage. To find out for sure fill out the form below.
  • How do I collect on Diminished Value? You can collect by providing the insurance company with a professionally prepared Diminished Value report! The extent of your diminished value report and the methodology will
  • Will I need help to settle my Diminished Value claim? Yes, Getting the proper help will help you to settle the claim fast. However, be aware of fast claim services as insurance companies will not respect them. You need a company that will provide detailed instructions and guide you every step of the way. Insurance companies are always looking for loop holes and ways not to have to pay out the proper money.


Learn The Truth About The Georgia 17C Formula & How To Fight It

On November 28, 2001, the Georgia Supreme Court made a decision regarding automobile Diminished Value Georgia Claims. In short, the court’s decision made it the law that all insurance companies doing business in Georgia must assess and pay for any loss in market value for vehicles damaged in a wreck and repaired, as part of the damages of the claim. This loss in value is known as Diminished Value or DV. The above case was settled and the parties agreed to the use of a “formula” referred to as the “17C Formula”.

It is important to know that the “17C formula” only applies to the parties of THAT Georgia court case. It has no bearing on any individual claim outside of THAT Georgia class action law suit.

Latest News – December 2, 2008 – Georgia Insurance Commissioner, John Oxendine issues a directive to all auto insurance companies doing business in Georgia telling them that his office does not endorse or support the use of the 17C formula. He further orders all insurance companies to stop telling policyholders that the 17C formula is the last word in the determination of diminished value Georgia claims.

Click here to read the actual directive from John Oxendine

Most of the insurance companies doing business in Georgia are still trying to use this “formula” to settle all diminished value Georgia claims. The “formula” was written and designed by insurance companies in a way that always minimizes the amount of diminished value they will have to pay. The “17C” formula was only meant to be a default methodology to be used in the absence of other credible documentation. The “17C Formula” has no realistic basis and is completely wrong.

When you obtain a detailed diminished value Georgia appraisal from Collison Claim Associates, you will have credible documentation that trumps the “17C formula”.

If you accept a diminished value payment based on the 17C formula, you are being ripped off!

Collision Claim Associates will provide you with information and documentation that will determine the correct amount of diminished value as well as provide detailed instruction and assistance to help you get paid.

Georgia Diminished Georgia Value Claim Info

Georgia Statute Of Limitations: 4 Years
Uninsured Motorist Coverage: YES
Diminished Value For At Fault Party: YES