DVAC’s client’s 2017 Jeep Wrangler Unlimited was damaged by an at fault insured driver. The insurance company paid $9752.33 in repairs, but when he asked for 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 owner of the body shop referred him to DVAC. We were hired to handle the paperwork and the loss of value claim. The adjuster finally instructed their appraiser to speak to me. We had a brief discussion about the loss. We quickly agreed the vehicle owner was entitled to $4355.00 for diminishment of value (DOV). It pays to hire licensed Diminished Value and Total Loss Appraisers to cover your six o’clock!
Diminished Value and Total Loss Settlements
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