PLEASE HELP!! depreciated value

[atlanta nsx]

Im not sure if this is the right place to post this, so i apologize ahead of time. I had a wreck in my car several months back and it was front end damage. I had a very highline shop do the repairs. They work on most of the exotics in atlanta. Im near the point where i am going to have to deal with my insurance on the depreciation value of the car and they will cut me a check. Georgia has one of the strongest laws leaned towards consumers in this type of situation. They use a formula that is in no way close to being accurate because you can negotiate and almost always get more. I just don't know how to deal with it in a situation like this involving a rare, collector car like the NSX. Anyone who has been in a situation like this your advice/help would be greatly appreciated. I have heard of some highline automobiles getting serious amounts of money before, and they can't mess with you too much because of the lawsuit that went down back in 2001 involving state farm that caused this whole law to go into effect in the first place.

 

[Cairo94507]

I would start with trying to contact some of the rare car collectors, insurers and see if they can give you an opinion as to what is a typical depreciation following a collision. I also hope that you took the time to photograph the pre-repair damage as well as the repair work along the process to make your case for any possible future buyers.

 

[wahoo5]

You need a specific appraisal of your car by a car appraiser who can testify in court as to the diminished value. You should look for an appraiser with experience in exotic or collector cars.

Google is your friend:

http://www.asashop.org/autoinc/march2002/legis.htm

http://www.ican2000.com/dvfaqs.html

http://www.atlantainjurylawblog.com...operty-damage-diminution-of-value-claims.html

Here is an example of a company that provides the appraisals. This is not a recommendation, just an example.

http://www.mycarlostvalue.com/car/frequentlyAskedQuestions.cfm

Personally, I would ask a lawyer friend to recommend an appraiser with a good track record of making his appraisals stick.

David

 

[heySkippy]

You need a specific appraisal of your car by a car appraiser who can testify in court as to the diminished value.

What he said. There's no substitute for an expert opinion in a case like this.

 

[tamaya]

Agreed with all of the above.

My advice to you however is to have an attorney friend, a pre-paid legal one (for $30/mo,
I use mine religiously, and no, I don't sell it), or even fork the money out for one to write a letter or two on your behalf.

You see, the insurance company... well, they do this for a living! They know all the chess moves, especially when dealing with consumer clients. I think you will be taken a bit more seriously if you have the right appraisal and the right voice speaking for you.

Good luck to you.