When to Send This Report
You should submit your diminished value claim to the at-fault driver's insurance company after your vehicle has been repaired. Make sure you have your repair documentation, photos, and this diminished value report ready before contacting them. In Georgia, you have up to 4 years from the date of the accident to file a diminished value claim, but it's best to do so promptly.
How to Send It
There are several ways to submit your diminished value claim:
- 1.Email your adjuster: This is often the fastest method. Email your assigned claims adjuster directly with your report attached.
- 2.Upload via insurance portal: Many insurers have online portals where you can upload documents directly to your claim file.
- 3.Send via certified mail: For a paper trail, send your claim via certified mail to the insurance company's claims department.
What to Say
Use this template when submitting your claim:
Subject: Diminished Value Claim - Claim #[YOUR CLAIM NUMBER]
Dear Claims Adjuster,
I am writing to submit a diminished value claim for my vehicle
involved in the accident on [DATE OF ACCIDENT].
Claim Number: [YOUR CLAIM NUMBER]
Policy Holder: [AT-FAULT DRIVER'S NAME]
Vehicle: [YEAR MAKE MODEL]
Please find attached my professional diminished value report,
which details the loss in market value my vehicle has sustained
as a result of this accident, even after repairs were completed.
Under Georgia law, I am entitled to recover the diminished value
of my vehicle from your insured's liability coverage. The attached
report documents an estimated diminished value of $[AMOUNT].
Please review the attached documentation and contact me to
discuss settlement of this claim.
Thank you for your prompt attention to this matter.
Sincerely,
[YOUR NAME]
[YOUR PHONE NUMBER]
[YOUR EMAIL]
What to Expect
After submitting your claim, here's what typically happens:
- •Initial Response (1-2 weeks): The insurance company will acknowledge receipt of your claim.
- •Review Period (2-4 weeks): They may request additional documentation or conduct their own assessment.
- •Counter Offer: Insurers often make an initial offer below your documented amount. This is normal and expected.
- •Negotiation: Be prepared to negotiate. Reference your report and stand firm on your documented diminished value.
- •Settlement: Most claims settle within 30-60 days once you reach an agreement.
Important Notes
- •This report and information are for educational purposes only and do not constitute legal advice.
- •Keep copies of all correspondence with the insurance company.
- •If the insurer denies your claim or offers an unreasonably low settlement, you may want to consult with an attorney who specializes in diminished value claims.
- •Georgia's statute of limitations for property damage claims is 4 years, but filing promptly is always advisable.