When a car is damaged in an accident, its value decreases. This is a factor that many accident victims in Georgia don't think about when filing a compensation claim. It's not the same as financial recovery from the damage itself. If repairs don't return the car to its original condition, it will suffer what is called “reduced value”.
No one should give a recorded statement to an insurance company, not even to their own insurance company, without first consulting an attorney. Next, we'll discuss how and why the value of a car declines and why it matters when it comes to filing a reduced value car insurance claim.