It can be upsetting and frustrating when you get into a car accident in Georgia. The experience may then be intensified by having to file a diminished value claim, especially if you've never been through the process before. Knowing more about it and having the help of Expert Asset Protection can make all the difference.

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Vehicle Owner Requirements

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You can file a claim in Georgia whether you're the registered vehicle owner and own it outright or you're financing it. The process gets a little more complicated if you're leasing the vehicle. As the lessee, you'll need to contact the lessor to discuss the terms because they're technically the vehicle owner.

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Accident Conditions for Eligibility

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The accident conditions are also considered for eligibility. For instance, you can file a claim whether or not you're at fault for the accident in Georgia, a stipulation that's not the same in all states. However, your car can't be totaled, and it usually needs to have more than $500 worth of damage from the accident.

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Vehicle Age and Mileage Restrictions

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Your vehicle usually needs to be less than 10 years old and worth more than $7,000 at the time of the accident for you to file a diminished value claim in Georgia. It also generally needs to have less than 30,000 miles per year on it.

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Keys to a Successful Claim

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It's crucial to file the claim before the statute of limitations is up, which is 4 years in Georgia. You also need to familiarize yourself with your insurance company's stipulations for filing the claim. For example, get a report of the accident, photos and a breakdown of repairs you needed for your car and their respective costs.

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Call Expert Asset Protection Today

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You don't have to navigate the procedure alone when you have an ally on your side. Contact Expert Asset Protection for assistance with the process. Fill out the form on our website today, or call today at 470-935-0038 for more information.