- So, what is Diminished Value?
Diminished Value is the reduction in resale value a vehicle suffers after an accident. This is a loss the vehicle owner actually suffered, and by law, is entitled to be compensated for.
- So, Who pays for Diminished Value?
By law, the at fault party or their insurance carrier are responsible to bring you back whole and as such, are required to pay you in cash for all direct and indirect losses, diminished value is an indirect loss. They are also required to reimburse you for the appraisal cost.
In States like Georgia, you can claim diminished value against your own policy, so even if it’s your own fault, you get paid.
- So, Why do you need an auto appraiser?
Insurance companies are designed to collect premiums and minimize claim payouts, most carriers use a BAD formula called 17c to assess your loss-in-value. As a claimant, you have the right to dispute a unfair valuation by hiring your own appraiser, this is where we come in.
- So, How do we come up with your loss in value?
Our team of licensed appraisers will conduct a thorough market analysis and come up with your vehicle’s exact loss in value, if the claim requires it, a certified auto inspector will go out and look at your vehicle to make sure the repairs were done right.
Since every claim and every car are different, our proprietary appraisal system will assess your loss based on several factors including age, miles, value, damage intensity and overall condition. Our appraisal reports are USPAP compliant and are the best in the business.
- So, Is the insurance company compelled to execute a payment based on our appraisal report?
By law, insurance companies are required to deal in good faith. They must examine all evidence in a claim, our appraisal report is the proof you need to demand proper compensation for your loss-in-value. Obviously appraiser selection is crucial, if you have the right appraisal, you will receive the right payment.
- Are your appraisals instant?
We judge each claim on its own merit, there is no one size fits all formula, your claim is unique and so will your appraisal. Instant appraisals are inaccurate as it takes time and human being to review and decide on a claim.
- So, how long does it take to get an appraisal?
24 hours is usually or normal turnaround time.
- So, why hire Diminished Value of Georgia?
Two Words: WE’RE LEGITIMATE. There are many companies out there offering their services to the public; what sets us apart is our work ethic, the fact that we’re licensed, credible and accurate. The Diminished Value Of Georgia offers a free claim review and a money back guarantee. We’re accredited through the Better Business Of Georgia with ZERO complaints; please visit our kudzu profile to see what real clients are saying about us.
- SO… what’s the bottom line?
The bottom line is this; for best results hire the best appraisers. Period.
If you have any question, please visit our website or call us at 678-404-0455 or visit http://diminishedvalueofgeorgia.com/
Thank you for your time, we appreciate your interest in our company.