Personal Injury Lawyer Atlanta, Georgia
Se Habla Español

Diminished Value Claims

We serve Georgia families who have been in an auto accident

At Gary Martin Hays & Associates, we understand how to fight insurance companies that try to take advantage of car accident victims. If you have questions, we're ready to answer them-and we're fully ready to take aggressive action on your behalf. Call 1-800-898-HAYS today.

Many people probably realize that most cars that get repaired after Georgia accidents are paid for at least in part by proceeds from an insurance policy (either the driver's or the at-fault party's policy). What many people are not aware of, however, is that accident victims may be entitled to additional compensation through insurance policies. Georgia auto insurance policies may entitle a claimant to compensation not only for repair costs, but also for the diminished value of their vehicles after repair.

In this video, lawyer Gary Martin Hays reveals what insurance companies aren't telling you about your car's diminished value after an accident.

Have You Been Involved in a Car Wreck?

Click on the following links to watch videos featuring Gary Martin Hays speaking about other legal issues related to car accidents:

A duty to pay for the vehicle's lost value

Based on the ruling of a state Supreme Court case, State Farm Mut. Auto. Ins. Co. v. Mabry (274 Ga. 498), the court stated that an insurance company's obligation to pay for loss includes the duty to pay for the vehicle's lost value.

Even if the car is brought back to its original condition, the fact that it was involved in an accident diminishes its resale value regardless of how the repairs make it look or operate. This difference in re-sale price is referred to as "diminished value," and insurance companies are obligated to compensate a vehicle owner for that amount. This applies whether you make a demand for payment with your own insurance company (a "first party" claim) or with the insurance company of the person at fault for the accident (a "third party" claim).

Contact a Georgia auto accident lawyer

If you think the offer you have received to have your car repaired and cover the cost of diminished value is not adequate, call our office today for a free consultation.

Call now at 1-800-898-HAYS or contact us via email: the initial consultation is free.

Civil Justice
Avvo Rating 10.0 Superb
Nation's Premiere 2023
Client Champion Silver 2023
National Association of Distinguished Counsel
Expertise Best Workers Compensation Lawyers in Atlanta 2024
Expertise Best Wrongful Death Attorneys in Atlanta 2024
Expertise Best Car Accident Lawyers in Norcross 2022
Expertise Best Workers Compensation Lawyers in John's Creek 2022
Expertise Best Car Accident Lawyers in Conyers 2021
Expertise Best Car Accident Lawyers 2019
America's Top 100 Personal Injury Attorneys
Top 100 Trial Lawyers
Million Dollar Advocates Forum
MultiMillion Dollar Advocates Forum
Top 25 Motor Vehicle Trial Lawyers
Top 25 Brain Injury Trial Lawyers
Top 10 Trucking Trial Lawyers
Top 10 Nursing Home Trial Lawyers
Super Lawyers
Voted Best of Gwinnett 2020
Georgia Trial Lawyers Association
Avvo Clients' Choice
Avvo Clients Choice
10 Best Attorney 2023
Keenan Trial Institute
Better Business Bureau
Telly Awards