Potential Diminished Value Settlement Range with Diminished Value Appraisal Claims:
Cost of Repair compared to Potential Settlement:
> $2,000 can equate to $1,000-$2,000 recovery
> $5,000 can equate to $2,000-$5,000 recovery
> $10,000 can equate to $3,000-$8,000 recovery
> $15,000 can equate to $4,000-$10,000 recovery
> $20,000 can equate to $5,000-$15,000+ recovery
* It is not uncommon for a newer vehicle to have a DOV settlement equal to or sometimes greater than the total collision damage *
*Settlement range will vary based on production year*
*Settlement range will vary based on nature of damage*
