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17C Formula, Wrong for Diminished Value Calculations

STATE FARM INSURANCE COMPANY v. MABRY

In this landmark lawsuit from 2001, the Supreme Court of Georgia held that insurance companies are required to pay Diminished Value claims.

DIRECTIVE 08-P&C-2 GEORGIA INSURANCE COMMISSIONER

In this directive, the Georgia insurance commissioner informs carriers that the GA DOI does not endorse the usage of the 17c formula.
In addition, the directive instructs carriers to cease informing claimants that  17c is approved by the state.

17C FORMULA DIMINISHED VALUE WORKSHEET

This is what insurance carriers use to calculate Diminished Value on a damaged and repaired vehicle

17C FORMULA DIMINISHED VALUE CALCULATOR

An excel spreadsheet that is used by insurance companies to calculate Diminished Value on a damaged and repaired vehicles.