Diminished Value Case Study: 2019 Jeep Wrangler
An owner of a 2019 Jeep Wrangler Unlimited had his vehicle damaged by an at fault; insured driver. The insurance company paid $9752.33 for the collision restoration, but when the Jeep’s owner inquired about diminished value the adjuster stated “your vehicle hasn’t lost any value, but as a courtesy we will give you $500.” At […]
Diminished Value Case Study: 2020 Toyota Tacoma
The owner of a 2020 Toyota Tacoma was hit by an at-fault; uninsured hit and run motorist causing just north of $7800 in damage. Fortunately the hit and run motorist was apprehended. The damaged vehicle was properly restored to pre-accident condition under the owner’s uninsured motorist coverage as appropriate. Once restored to pre-accident condition, the […]
Diminished Value Case Study: 2020 Toyota 4Runner
A customer with a 2020 Toyota 4Runner with 10,234 miles on the clock was hit by an at fault insured driver. The at fault insurance company covered $12,679.63 in collision damage restoration costs as required. When the vehicle owner inquired about a diminishment of value (DOV) settlement, she was met with delaying and stonewalling tactics […]
Total Loss Case Study: 2020 Chevrolet Colorado
If you have suffered a total loss or your vehicle was damaged by an at fault driver there are three prudent steps to take before accepting a settlement offer from the responsible insurance company: Locate a licensed Diminishment of Value (DOV) Total Loss appraiser. Your choice should have only excellent Google reviews and be located […]
Diminished Value Case Study: Tesla (Uninsured Motorist Coverage Situation)
The owner of a 2019 Tesla Model 3 was hit by an uninsured drunk driver. At the time of the incident, 12/28/19, the vehicle was a current model year with 6066 miles on the clock. The insurance company paid for the repairs under his uninsured motorist coverage. The repairs were completed in a satisfactory manner […]
Total Loss Case Study: 2018 Subaru Forester
A client totaled his 2018 Subaru Forester with 21k miles on the clock. His insurance company stated that the actual cash value was $19,760 according to the CCC Report that they used. Unfortunately, the client owed just north of $23,000 and he did not have Gap insurance. As is standard with DVAC Total Loss Settlements, […]
Diminished Value Case Study: Virgina
A Virginia based insured driver of a 2019 Cadillac Escalade was hit in North Carolina by an at fault insured driver from Florida. The collision restoration and repairs were paid for by the at fault Florida driver’s insurance carrier. The Escalade was repaired in North Carolina. The Diminishment of Value (DOV) settlement was addressed by […]
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 Case Studies: A Compilation
A total loss vehicle is when the cost of restoration is greater than 75% of the overall vehicle value. Once your vehicle reaches this point, it makes more sense to accept it as a total loss. Your insurance company has their idea of what your car is worth, and so do you. How do you […]
Diminished Value Case Studies: A 2020 Compilation
An owner of a 2017 Jeep Wrangler Sahara had his vehicle damaged by an at fault; insured driver. The insurance company paid $9752.33 for the collision restoration, but when the Jeep’s owner inquired about diminished value the adjuster stated “your vehicle hasn’t lost any value, but as a courtesy we will give you $500.” At […]
