Diminished Value Case Study: 2020 Tesla
A client was referred to DVAC by a respected five star auto-body shop. His brand new 2020 Tesla, with only 3623 miles on the clock, was hit by an insured at fault driver. The at fault insurance company paid $12950 in collision repairs. As is often typical, they told our client that he had “to […]
Total Loss Settlements -CCC- is it Accurate?
If your car was totaled in a collision, there’s a good chance that the Insurance Company will use CCC Information Services to generate a valuation. They are usually way off the mark. Heard of vAuto? It provides all major valuation services including: NADA, Kelly Blue Book, Black Book, MMR Auctions, Private Sales on a running […]
What is Diminished Value & What Does DVAC Have to Offer YOU?
What is diminished value? Generally, speaking, it is the loss of resale value due to the fact that the vehicle has been in an at fault accident. You are entitled to recover this loss of value with a diminished value settlement from the at fault insurance company. The key to a successful settlement is a […]
Important Questions to Answer Prior to Selecting A Diminished Value Appraisal Company
Where are you geographically located? For example, do you want someone located on the West Coast when you are located in Florida or North Carolina? Are they a licensed diminished value appraiser in your state? Will they walk with you until settlement is achieved and provide case-specific help? Will they go to court if necessary […]
Diminished Value in Ohio
Ohio has a diminished value statute of limitations of two years. If a claim is filed later than two years, the ability to recover diminishment of value is lost. You will be unable to submit a claim for DOV if you were the at-fault party or if your vehicle was damaged by anything other than […]
Diminished Value in North Carolina
North Carolina, drivers have 3 years from the time of the accident to file a Diminishment of Value (DOV) Claim. It is normal for the insurance company to outright deny or only offer a fraction of the actual DOV on your vehicle. The key to a successful DOV SETTLEMENT is providing a licensed, objective third […]
Recent Diminished Value Settlements Recovered
A customer located in New Jersey had a 2017 Porsche 911 Carrera S with 36,233 miles on the clock was hit by an insured; at fault driver. The insurance company paid $11027.58 for repairs, but informed him that he needed to “prove” that his incurred diminished value (DOV) as a result of the accident. He […]
Diminished Value in Oregon
In the state of Oregon, the statute of limitations for collection of diminished value is six years from the date of the loss. Even if you’ve already settled for injury and damage to your vehicle, you still are able to claim your lost resale value in Oregon. The state has some of the best diminished […]
Diminished Value in Texas
In the state of Texas, if you were in an auto accident and not at fault, the law allows the recovery of diminished value. The statute of limitations for collecting your diminished value in Texas is two years. Texas is also one of the few states that allow you to claim diminished value against your […]
Diminished Value in Florida
In Florida, the statute of limitations to recover diminished value on your vehicle is 4 years. Under the Florida statutes, a vehicle owner can pursue a claim for diminution from the negligent party who caused the accident, typically by filing directly with their insurance company. To make a diminished value car insurance claim, however, you […]
