Case Study: How DVAC Secured $8,000 More for a Totaled Toyota Sienna
A client recently called DVAC. His 2021 Toyota Sienna with only 4387 miles on the clock was rear ended and totaled. He used his own coverage so that he would have his own insurance company looking after his interests. Unfortunately some insurance companies are better than others. You are not always in “good […]
Case Study: How DVAC Secured an Extra $9K for a Totaled Truck
Slip sliding away. A young woman was referred to DVAC by her auto body shop. An at fault insured driver hydroplaned on I-95, in a panic the other driver slammed the brakes halting to a stop from 70Mph. As a result the young lady swiped the other vehicle and then lost control, hitting a telephone […]
GAP Insurance: Why it is Important
One of the most important additions to your insurance policy just might be GAP insurance. If you total your late model car and you are financing, particularly in the current automotive markets, your Actual Cash Value (ACV) is often less than you owe your financial institution. It is wise to carry GAP Insurance. This […]
Total Loss Case Study 2017 Kia
An owner of a 2017 Kia Sportage SUV with 84k miles on the clock recently contacted DVAC to review her insurance company’s total loss, actual cash settlement (ACV). Unfortunately she totaled her vehicle last July in a first party, at fault accident. She owed $24k on her loan. As is often the case, her insurance […]
Total Loss Vehicle “Act of God” Scenario
Hurricanes, tornados, flash floods, avalanches, wildfires, you know, garden variety acts of God. Do you know anyone who has hit a deer!? Acts of God can ruin your day; not to mention your automobile! Let’s say that your vehicle is totaled in an act of God scenario, are you covered? The short answer is yes […]
Why Licensing, Experience, and Reviews Matter in Choosing a Consultant
Some mistakenly select a Diminishment of Value source by shopping for the consultant who promises to get them the highest settlement. This might sound like a great idea, but it usually is not. Why? Many of these “experts” are either representing one side only. In other words their “opinions” are usually skewed and often not […]
Diminished Value: You Are Legally Entitled to it!
At fault insurance companies often make comical responses when it comes to Diminishment of Value (DOV) claims. I think my favorite is “you are a 3rd party so you can’t invoke the appraisal clause and compel us to settle your DOV claim”. This is after they have just paid for your damaged vehicle to be […]
Monkey in the Middle
Ok, you’ve just been in an accident that you were not at fault. Even though you could have your claim handled by the other person’s at fault insurance company you might want to have the claim handled by your own insurance carrier. Why? Do you want to be monkey in the middle on matters pertaining […]
Diminished Value Case Study: A Drunk and Uninsured Driver
A drunk; unlicensed and uninsured driver rear-ended this truck. She was towing her boyfriend’s boat on the interstate. The uninsured; at fault driver hit the boat so violently that it ended up in the bed of the young lady’s truck. This unfortunate incident caused extensive damage to the truck, boat and trailer. The trailer hitch […]
Uninsured Motorist Diminished Value Situation
We are often contacted when the at fault driver was a hit and run or uninsured/under insured motorist. How is Diminishment of Value (DOV) handled in these situations? Check your auto policy, make sure that you have an uninsured/underinsured motorist endorsement. (If you are financing your vehicle, this coverage is almost always required). Assuming […]
