Recently, DVAC was retained by a client to assess the diminished value incurred to their brand-new 4 month old 2022 Ford Bronco. The Bronco was involved in a wreck where the driver was not at-fault. The responsible insurance company accepted liability and paid out just over $17,000 in repairs.
Though the Bronco was repaired to pre-accident condition, it now carries an accident record for the remainder of the life of vehicle. DVAC calculated an inherent diminished value of $6850 and put together the formal appraisal needed for the owner to submit to the at-fault insurance company. The client succeeded in recovering everything they lost from the wreck. It pays to hire an expert!