FOR FREE CASE REVIEW CALL US AT (404)825-6051

FOR FREE CASE REVIEW CALL US AT (404)825-6051

HOW MUCH YOUR CAR LOST IN VALUE AFTER AN ACCIDENT?

What is Diminished Value?

Why Insurance Company’s Offer is toO Low?

DIMINISHED VALUE IS:

Diminished value refers to the decrease in a vehicle's market value after it has been involved in an accident and subsequently repaired. This reduction in value is due to the perception that the vehicle, even after repairs, may not be in the same condition as a similar vehicle with no history of damage.
At DELTA Diminished Value and Appraisal Center, we specialize in providing accurate assessments of diminished value for vehicles. Our team of experienced appraisers takes into account various factors such as pre-accident condition, the extent of damage, quality of repairs, and market trends to determine the quantifiable loss in value.
Understanding the concept of diminished value is crucial for both vehicle owners and insurance companies. It allows for fair compensation for the reduced value of a vehicle after an accident, ensuring that owners are not financially disadvantaged due to circumstances beyond their control.
For more information on diminished value and how it may affect your vehicle, feel free to reach out to us at DELTA Diminished Value and Appraisal Center.

Most insurance companies use a method called 17c formula to calculate your loss of value.

The 17C formula for diminished value refers to a method used to calculate the diminished value of a vehicle following an accident. This formula takes into account several factors including the pre-accident value of the vehicle, the extent of the damage, and the quality of the repairs.
The formula is named after Georgia Rule 17C, which outlines the factors that should be considered when calculating diminished value in that state. However, the 17C formula has been adopted and utilized in various other states as well.
To calculate diminished value using the 17C formula, the following factors are typically considered:
1. Pre-accident value of the vehicle: This is the fair market value of the vehicle prior to the accident, which can be determined through various valuation methods such as appraisals and market research.
2. Damage factor: This factor assesses the extent of the damage sustained by the vehicle in the accident. It takes into consideration both the severity of the damage and the type of repairs needed to restore the vehicle to its pre-accident condition.
3. Quality of repairs factor: This factor evaluates the quality of the repairs performed on the vehicle following the accident. It considers whether the repairs were carried out to industry standards and whether any defects or issues arose post-repair.
By considering these factors, the 17C formula aims to provide a fair and objective method for calculating the diminished value of a vehicle. It is important to note that the specific application of the 17C formula may vary by state and jurisdiction, and individuals seeking to utilize this formula should consult with professionals experienced in diminished value appraisals and related regulations.

To learn more please contact us and we will help you to gain the compensation you deserve!

how our company can help you to recover your diminished value?

Recovering diminished value for a vehicle typically involves several key steps:
1. Assessment: Begin by having the vehicle assessed by a professional to determine the extent of the diminished value. This may involve obtaining a diminished value appraisal report.
2. Documentation: Gather all documentation related to the vehicle, including its pre-accident value, details of the incident that caused the diminished value, and any relevant repair records.
3. Notification: Notify the at-fault party's insurance company about your intention to seek diminished value compensation. Provide them with the necessary documentation to support your claim.
4. Negotiation: Engage in negotiations with the insurance company to reach a fair settlement for the diminished value. This may involve presenting the appraisal report and other evidence to support your case.
5. Consider Legal Recourse: If an agreement cannot be reached through negotiation, consider seeking legal assistance to pursue the matter further, potentially through legal action or mediation.
6. Resolution: Once a settlement is reached, ensure that the terms are clearly documented and that you receive the agreed-upon compensation for the diminished value of the vehicle.
It's important to note that the specific steps and requirements for recovering diminished value can vary based on factors such as location, insurance policies, and the nature of the incident. Consulting with a qualified professional who specializes in diminished value claims can provide valuable guidance through this process.

Services

  • Delta Diminished Value and Appraisal Center offers comprehensive reports to individuals involved in car accidents, outlining the extent of their vehicle's value loss and the necessary steps to recover it.

  • Our expert team provides meticulous appraisal services to accurately assess the diminished value of vehicles, ensuring fair compensation for the loss incurred.

  • Consult with our professionals to gain valuable insights into the impact of car accidents on vehicle value, and the options available for recovery.

  • Our expert can review your case to see if the insurance company ofered you a fair Actual Cash Value for your total loss and if is not a fair offer, we can provide supportive document to increase the evaluation.