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Diminished Value and the Relevance of State Farm v. Mabry

Posted by Benjamin P. O'Neal | Nov 03, 2013 | 0 Comments

Post-accident, insureds and claimants are entitled to recover diminished value for their automobile's loss. This applies to both first party and third party claims. Note that despite of State Farm Mutual Automobile Insurance v. Mabry et al, 274 Ga. 498, 556 S.E.2d 114 (2001), payments do not have to be based upon the 17c formula that often undervalues the loss but is used by many insurance companies.

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About the Author

Benjamin P. O'Neal

Benjamin P. O'Neal Esq.,MBA, CFP®, CPCU Benjamin's practice focus:  Estate Planning & Probate, Insurance Litigation, and Business Planning.   Benjamin is a certified Financial Planner, a Chartered Property and Causality Underwriter, and has experience as both an attorney and adjuster within...

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