Diminished Value & The 17C Formula

In this conversation, Jen and Justin delve into the complexities of diminished value claims, focusing on the 17C formula that emerged from a landmark class-action lawsuit in Georgia. They explore the origins of the formula, its application in real-world scenarios, and the challenges faced by claimants when dealing with insurance companies. Through case studies, they illustrate the discrepancies between the 17C formula and actual market values, emphasizing the importance of proper appraisal methods and market analysis in determining diminished value. The discussion concludes with practical insights and advice for individuals navigating diminished value claims.

Creators and Guests

Host

Jen Petty

VP / Marketing Director of Petty Details, LLC

Host

Justin Petty

President & CEO of Petty Details

What is The Petty Details of Auto Claims?

We are a husband/wife team and we have run our own company since 2009 helping auto accident victims, attorneys, body shops and insurance professionals with auto damage claims and property damage values. We dive deep into diminished value, total losses, the appraisal clause and loss of use but we do so much more than that. We answer your questions, talk about how to make the most of your auto claim and try to get free information out there so claims can be settled quickly and fairly. We also might goof around a bit....depends on the day :).