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Mabry v State Farm…
In a Georgia case law precedent, entitled Mabry v State Farm, it was determined that insurers must pay Diminished Value to their own Policyholders...
Court Order…
The Georgia Supreme Court ordered State Farm to develop a method by which Diminished Value could be measured…
State Farm’s Formula…
State Farm, with the aid of CCC Information Services, developed an ultra-conservative formula designed to minimize payments to State Farm policyholders…
Limited Approval…
That formula, now known as “Rule 17c” was “Approved” by the Georgia Supreme Court as … an Alternative, in the absence of any other verifiable method of measure…
Departments of Insurance…
“Rule 17c” is Not endorsed, nor even recognized, by the Georgia Department of Insurance nor any other DOI in any other state…
The Lie…
Since then, insurance companies across the country have been telling consumers that “Rule 17c” has been “Ordered by the courts”… that is a LIE !
Caution…
Now, some Diminished Value Assessment Services, in an effort to ingratiate themselves to and solicit work from insurance companies, use “Rule 17c” methodology. These same service providers also masquerade as consumer advocates. They market their “Rule 17c” reports directly to Consumers calling their methodology “Proprietary”...
Beware...
Beware of ANY Diminished Value Assessment Service that uses the word "Instant" in their advertising. They use the "Rule 17c" program.
About iCan…
Not only do iCan affiliates NOT use “Rule 17c” methodology, we also know how to de-bunk any recommendations based upon “Rule 17c”.
Dramatic Example…
In April, 2007 a Diminished Value Assessment Service reviewed a damage repaired late model Jaguar on behalf of the insurance company. “Rule 17c” defined a Diminished Value of… $ 1,600.00.
An iCan affiliate testified on behalf of the vehicle owner … The court awarded Diminished Value of … $ 11.500.00.
Never… Never…
Never … let an insurance company tell you how much they owe you. If what you are being told doesn’t sound right … Check with iCan !
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