Antoine Rached, Owner Of Diminished Value Of Georgia, Was Featured In A Prime Time Segment On WSB-TV Atlanta Covering Auto Insurance Claims – Insurance News

Atlanta, Georgia (Prweb) March 21, 2013

Due to high consumer response, last night, Wsb tv Atlanta re -established a news segment as a part of its prime time special, which discussed claims of low value. His consumer investigation unit revealed the systematic and improper handling of losses in price insurance claims Georgia,

Loss in value, otherwise known as a low value, a reduction in resale value is suffering after an accident or repair of a collision. Auto buyers will not pay the same amount for debris and repaired vehicles, as they will be for an unpublished equivalent.

Lower value of GeorgiaFor many years, the insurance carriers are reducing the low -value claims by making up to the claimants using a wrong and wrong formula called 17C. This percentage based formula is much lower than the actual loss quantity saving millions of dollars at the cost of accident victims.

17C formula, named after Mabri V Paragraph 17 State trial (Georgia Supreme Court No file. SU 99 CV4915, 12/01/00) reduces losses in the price at 10% of the book value of the vehicle. “Not only is 10% arbitrary and very low, it may not logically apply to all makes and models,” says Antony RackedLower price owner Georgia“It is irrational to maintain that one Ferrari For a given accident, one will lose the same percentage. The formula does not stop here, after the initial 10%, the formula cuts for random damage modifier and inappropriate mileage restrictions. ,

In 2008, Georgia Insurance Commissioner, John oxendine Issuing a directive, it has been said that: “The department has never produced or produced by any formula for use in the determination of value deficiency as it is related to claims of physical damage nor the department has supported any specific formula or method.”

Wsb tv The report showed that two accident victims are being improperly offered for their low -value cases, for example a check for a claimant $ 1.74 For one $ 550 claim.

The lower price in the report is reduced GeorgiaLocated in a licensed assessment company Atlanta This helps the contenders to prove their claim by providing an independent assessment report. The insurers, by the law, are required to consider all the evidences presented in a claim and therefore the contenders will be a high payment process to prove their loss in writing from a third party.

Until Georgia Courts reverse the decision of 17C, the 17C formula will continue to use and the burden of evidence will be on the claimants, the most effective manner to maximize the payment is an independent assessment.

For more information about low value claims, contact Antony RackedIndependent auto evaluator by visiting 678–404-0455 or by calling.

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