Insurance companies will often Deny, Delay and Defend. 1) we don’t owe for that. 2) we need supporting documents. 3) we don’t agree with the documents. A client with a 2018 Lexus with 30k miles on the clock was hit by an at fault insured driver. They paid out $15,688 for the repairs. When our client requested compensation for his Diminishment of Value (DOV) the usual scenario played out.
1) The Insurance Company states “your vehicle is fixed. WE DON’’T OWE YOU FOR LOST VALUE.” 2) “You need to hire an expert and prove the diminished value.” 3) “We don’t see that your expert has proven loss of value.” Our client listened to DVAC and stood his ground. The claim went from 1) denial, offer of $0. 2) Well, let us look at it, (two weeks later), as a courtesy we will pay you $3000.00. 3) “Our appraisers need to discuss the loss of value.” He received $8567.00. These are the same tactics often used on claims and repairs. It pays to hire a licensed Diminished Value and Total Loss Professional.
Diminished Value and Total Loss Settlements
www.mydvac.com 877-879-0101
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