Vehicle damaged?

Your insurance company may owe you more than you think!

Has your car been in an accident? Even if it’s been repaired, it may have lost value due to its accident history. This is known as diminished value, and you may be entitled to recover this loss from the insurance company. Don’t let the insurance company shortchange you. At A.C.S Incorporated, our experienced and certified diminished value appraisers will help you get the full compensation you deserve.

Diminished Value Estimate

Truck damaged?

Make sure you are being compensated fairly!

Even after repairs, a truck that has been involved in a significant accident may never regain its original market value. This is because potential buyers are likely to be wary of the vehicle’s history, concerned about hidden damages or future reliability issues especially as trucks are often valued for their durability and performance.

Dimished Value is particularly important for truck owners given the typically higher initial cost and longer expected service life of trucks compared to passenger vehicles.

What is diminished Value?

Diminished value is the decrease in a vehicle’s market value due to an accident, regardless of whether it has been repaired. This decrease occurs because potential buyers are willing to pay less for a car that has been in an accident, even if the repairs are flawless.

There are several factors that can contribute to a vehicle’s diminished value, including:

The severity of the accident: More severe accidents will generally result in a greater decrease in value.
The location of the damage: Damage to structural components or areas that are visible to buyers will have a greater impact on value.
The age and mileage of the vehicle: Newer vehicles with lower mileage will generally experience a greater loss in value due to an accident.
The availability of comparable vehicles: If there are a lot of similar vehicles available for sale, buyers may be less willing to pay a premium for a car that has been in an accident.
Per the diminished value statute: the vehicle has to be repaired and the owner must be satisfied with the repairs before DV can be paid.

Do I qualify for diminished value?

To qualify for diminished value compensation in Georgia, your vehicle must meet certain criteria. Here are the key factors:

Market Value
Exceeding $7,000

Vehicles with lower pre-accident value are less likely to show significant diminished value.

Location

Are you insured in the state of Georgia

Timing

Did the accident happen in the last 4 years?

Damage Exceeding
$500

The cost of repairs must be substantial enough to impact the vehicle’s value.

Low-To-Normal
Mileage

Vehicles with excessive mileage are generally less susceptible to diminished value claims.

Clean Title

Vehicles with existing salvage or rebuilt titles may not be eligible.

Age Under 10 Years

Older vehicles typically experience less diminished value due to depreciation.

Low-To-Normal
Mileage

Vehicles with excessive mileage are generally less susceptible to diminished value claims.

Clean Title

Vehicles with existing salvage or rebuilt titles may not be eligible.

Age Under 10 Years

Older vehicles typically experience less diminished value due to depreciation.

While these are the general guidelines, it’s best to consult with us to assess your specific case and determine your eligibility for compensation.

Why do I need to hire an Independent Appraiser?

Expertise and Objectivity

Independent appraisers are certified professionals with extensive knowledge of vehicle valuation and the diminished value concept. Their assessments are unbiased and objective, providing a stronger foundation for your claim.

Accurate Valuation

Appraisers use industry-standard methods and data to accurately calculate the pre-accident and post-repair market value of your vehicle. This ensures you receive fair compensation for the diminished value.

Stronger Negotiation

A professional appraisal report serves as powerful evidence to support your claim and strengthens your negotiating position with the insurance company. It increases the likelihood of receiving a favorable settlement and prevents the insurance company from undervaluing your claim.

Navigating the Process

Dealing with insurance companies can be complex, especially when it comes to diminished value claims. Appraisers can handle all communication and paperwork, saving you time and frustration while ensuring your claim is properly presented.

Increased Likelihood of Success

Insurance companies are more likely to take your claim seriously and offer a fair settlement when presented with a professional appraisal report. This significantly increases your chances of receiving the compensation you deserve.

Frequently Asked Questions

Is my vehicle eligible to collect DV?

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Yes, The Diminished value statute states : any vehicle that has been damaged in an accident has been diminished in value”

If my vehicle has been in a previous accident can I collect diminished value for another accident?

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Yes, however the first accident damage cost and diminished value payment will have to be considered in the second calculation.

Can I collect diminished value on a piece of heavy equipment, road tractor?

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Yes all licensed motorized vehicles are eligible for diminished value.

Diminished Value
Estimate

Simply fill out the form on the right and our licensed appraiser will:

Review your information
Provide you with a free, no-obligation qoute to complete the DV estimate

Once you accept, our team will then guide you through the entire process:

Explain your rights and options
Help you understand your compensation entitlement
Negotiate with your insurance company on your behalf