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 that point the body shop referred him to DVAC. We were hired to handle the appraisal for the Diminishment of Value (DOV) claim. We immediately enacted The Appraisal Clause. The at fault insurance company was compelled to hire their own appraiser. We had a brief discussion about the DOV and quickly agreed the vehicle owner was entitled to $7455. It pays to hire a licensed Diminished Value and Total Loss Appraiser to cover your six o’clock!
Diminished Value and Total Loss Settlements