What is Diminished Value?
If you've been involved in an auto accident it is very important to know your vehicles true value. You may be entitled to compensation from the at-fault party's insurance company.
Diminished value is the inherent loss of value resulting from a collision. Even though your vehicle is fixed and may appear 100%, it now has the collision and repair on its vehicle history. This can negatively impact resale value.
Estimates reflect that over half of consumers would not purchase a vehicle that had been in an auto accident. over 3/4th of consumers would not be willing to invest in a previously wrecked vehicle unless given a substantial discount.
Insurance companies usually will not inform you of your right to an independent appraisal
In a majority of cases, claimants are not made aware of compensation for diminished value. Insurance companies may say they are "on your side" and that they are advocating for your benefit when in reality they are saving costs on their end. It's very important that you have the necessary information and it is presented appropriately for your claim to be considered. That is where DVAC can help you recover what is rightfully yours.
Call DVAC at 877-879-0101
For a FREE consultation
We’ll work diligently on your behalf to generate a fair vehicle appraisal and help you recoup the value of your automobile
Get A Diminished Value / Total Loss Claim Consultation from one of our Licensed Appraisers
Our Licensed Diminished Value Appraisers provide you with personalized up-to-date information regarding your diminished value claim. We will make sure you understand the procedure and what possible compensation is owed to you.
Your Personal Consultation will address the following:
– A comprehensive review of repair costs and estimates.
– An objective determination of whether your vehicle qualifies for diminished value or qualifies for a total loss settlement.
– An approximate range of compensation you may be paid for your loss.