A car accident in Stockbridge, Georgia, can reduce the value of your vehicle. Generally, dealers and other parties pay less for vehicles after they sustain damage and need repairs, even if the repair shop does an excellent job.
In this situation, you may have a chance to file a claim for compensation for the lost value of your car. A Stockbridge diminished value claims lawyer can help in this situation. Our team at Kaine Law can help you review your legal options when you call us or complete our online contact form.
Who Can File a Diminished Value Claim in Stockbridge?
You must meet several qualifications to file a diminished value claim in Stockbridge, GA. Firstly, your vehicle must sustain damage in an accident that requires repairs. After repairs, your vehicle must have a lower overall value than it had before the collision.
For example, let’s say you drive a Honda Civic with a $15,000 value. Another driver hit you after running a stop sign. The repair shop completely repaired your vehicle; however, the history of damage has reduced the value of your vehicle to $7,500.
In addition to your vehicle sustaining damage, you can only file a diminished value claim if someone else caused your collision through an act of negligence.
For a free legal consultation with a diminished value claims lawyer serving Stockbridge, call 404-214-2001
Is Diminished Value the Same as Depreciation in Stockbridge?
All vehicles lose a portion of their value over time through a process called depreciation. Depreciation starts as soon as you drive off the car dealership lot and is anticipated.
Diminished value deals with an unexpected and sudden loss of value due to outside circumstances, like a car accident. While both depreciation and diminished value reduce the worth of your vehicle, they function in different ways.
Stockbridge Diminished Value Claims Lawyer Near Me 404-214-2001
Does Liability Matter for Stockbridge Diminished Value Claims?
Liability can impact any car accident claim in Stockbridge, GA. Drivers are liable for an accident if they caused the collision through an act of negligence. Drivers display negligence when they:
- Owe you a duty of care
- Violate their duty to you
- Directly cause your vehicle damage
All drivers owe one another a duty of care in Georgia. This duty requires drivers to operate their vehicles in a safe and reasonable manner. However, some drivers break their duty by speeding, swerving between lanes, tailgating other drivers, or disobeying traffic signs.
A Stockbridge diminished value claims lawyer can step in to help show that another driver caused your accident. Establishing proof of liability can help you secure damages to cover the lost value of your vehicle.
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Can You Get Compensation for Diminished Value from Your Insurance Company?
Drivers in Stockbridge can file a claim with their personal insurance company for diminished value after a car accident. You have a legal chance to file this kind of claim even if you caused the accident, allowing you to secure funds to cover this loss.
O.C.G.A. § 33-4-7 deals with the state’s diminished value laws, and we can help you understand them.
Additionally, your insurance company cannot legally raise your insurance premiums if you file a diminished value claim.
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What Services Do Stockbridge Diminished Value Claims Lawyers Provide?
A diminished value claims attorney in Stockbridge, GA, can address all your legal concerns following an accident. Our team uses our years of experience and extensive legal training to help review your options to seek damages to cover your losses.
We begin the process with a risk-free consultation. During our meeting, we evaluate your situation to determine how we can help you. Based on the facts of your case, we may:
Assess the Past and Current Value of Your Car
Our team understands how to calculate the diminished value of your vehicle. We may review your car’s value prior to the accident and compare it to the value of your car after the completion of the repair process.
Handle the Insurance Company
Insurance agents may try to convince you to settle your case quickly after a collision. Generally, the professionals recommend that you have a lawyer look over any offers made by the insurance company before you sign the documents.
These initial offers may not cover all your losses or even account for the diminished value of your vehicle. Insurance companies may also try to get you to accept the blame for a collision, making it more difficult to seek funds to cover the diminished value of your car.
Resolve Your Diminished Value Case
Finally, our team of Stockbridge diminished value claims lawyers can focus on resolving your claim. We may negotiate a settlement with insurance agents on your behalf or even help you file a lawsuit. We’ll discuss all available options and answer your questions about the resolution process.
How Many Types of Diminished Value Are There?
Insurance companies throughout Stockbridge generally recognize three kinds of diminished value. Your vehicle may experience:
- Immediate Diminished Value, or the direct reduction in resale value after an accident
- Inherent Diminished Value, or the loss in value after repairs due to the vehicle’s history of damage
- Repair-Related Diminished Value, or the loss you experience if the repair shop cannot fully fix your vehicle
A Stockbridge diminished value claims lawyer can help you go over all forms of this loss, focusing on what you directly experienced.
How Long Do You Have to File a Diminished Value Claim?
You generally have a limited period of time to move forward with a diminished value claim in Stockbridge, GA. If you wait too long, the state’s statute of limitations expires, preventing you from seeking this form of compensation.
We can review your specific situation to find out how long you have to move forward with your claim.
Talk to Us After a Stockbridge Accident That Damaged Your Vehicle
You can get legal help from a Stockbridge diminished value claims lawyer if your vehicle sustained damage in a collision. Our team at Kaine Law can review your situation and help you file your claim.
Take proactive steps to secure compensation by calling us or completing our online contact form.