Diminished Value Settlement
We’ll work diligently on your behalf to generate a fair vehicle appraisal and help you recoup the value of your automobile.
A Collision Diminishes Your Car’s Value—We Help You Recover It
Even after repairs, your car may lose resale value due to its accident history—a loss known as diminished value. Many buyers avoid previously damaged vehicles or expect a significant discount. What most people don’t realize is that they can file a diminished value claim against the at-fault driver’s insurance.
Some insurance companies won’t tell you that you have the right to an independent appraisal and often aim to minimize payouts. To secure the compensation you deserve, you need accurate data and a well-prepared claim. DVAC is here to help you recover what’s rightfully yours.
Initial DOV Offer
$500
With DVAC Services
$5,500
We’ll work diligently on your behalf to generate a fair appraisal and help you recover your vehicles true value.
Do You Qualify?
If your vehicle was in an accident and repaired, it may have lost market value—even if the repairs were done perfectly. A diminished value appraisal helps determine how much compensation you’re owed. To qualify, your situation must meet the following criteria:
- BEEN IN ACCIDENT RECENTLY
- YOU ARE NOT AT FAULT
- VEHICLE REPAIRS ARE COMPLETE
- VEHICLE AGE MUST BE 5 YEARS OR LESS*
- DAMAGE MUST BE GREATER THAN $1500
OUR PROVEN PROCESS
How It Works
We provide an accurate diminished value assessment backed by trusted sources and insurance-approved methods. Our in-depth report includes real market data, ensuring a strong case for your claim. With expert guidance, we support you through negotiations until you secure the compensation you deserve.
1
Start Your Appraisal
Start the process with a FREE consultation when you call us at (877) 879-0101 or fill out our Appraisal Form and we will contact you within minutes!
2
Intake & Delivery
We analyze data to determine your vehicle’s true diminished value and deliver a quick, accurate appraisal that insurance companies can’t ignore.
3
End-to-End Support
We don’t stop at a report. We advise and support you through negotiations every step of the way until you receive your rightful compensation.
Real Reviews, Real Results
Sample Diminished Value Appraisal Report:
Wondering what’s in a DVAC appraisal? Take a look at this recent appraisal we completed for a client.
Frequently Asked Questions
When Should I File a Diminished Value Claim?
It is appropriate to pursue a diminished value claim once your vehicle is fully repaired to pre-accident condition. Diminished value is calculated based on the nature of the damage to your vehicle and overall evidence of repairs. A thorough review of the final bill from the bodyshop, a visual inspection of the repaired vehicle, and reviewing the Carfax are a few important factors in determining diminished value.
How Long Can I Wait To File a Diminished Value Claim? In Years..
How Long Does The Process of Recovering My Settlement Take?
The timeline of recovering diminished value from the at-fault insurance company can take as little as a few days. It is also not uncommon to see claims span out weeks and in rare cases, months. It all depends on the insurance company diminished value policy. One thing that is constant however, DVAC will remain involved throughout the timeline of your DOV claim for advice and counsel. Learn More: The DVAC Process
What is a Total Loss Report?
If your vehicle has been totaled in an accident, how do you know what a fair settlement is? The insurance company has their idea of a fair figure, and you have your own idea. DVAC will help you arrive at a realistic, mutually agreeable number based on comprehensive market research. A total loss report will compile all of our findings with an actual cash value on your vehicle.
What's Included In My Report?
Each diminished value appraisal report is equipped with a vAuto, NADA Archival Valuation, and a complimentary Carfax. vAuto captures 100 percent of all USA sales data on any vehicle. Utilizing this tool, we can compile an extremely accurate pre-accident value and assess the diminished value based on the nature of the repair records. We include a detailed photo file of your vehicle and the final bill from the bodyshop. Once put together, a comprehensive diminished value appraisal report of roughly 20-30 pages is sent directly to your email.
Do I need an appraisal if I plan to donate my vehicle?
Vehicles worth more than $5,000 are required by the IRS to obtain a professional appraisal to receive your tax write-off. Vehicles valued under $5,000 do not require an accompanying appraisal however it is advisable in order to avoid auditing.
Do I need an appraisal for my custom or collector car?
Insurance companies use an appraisal to determine the fair market value for your collectible vehicle. A certified appraisal from a licensed appraiser will help ensure that in the event of a collision, you get the compensation that is due to you.
Do I need an appraisal to purchase a vehicle?
This answer will vary depending on the lending institution you are obtaining a loan through. Some lenders may require an independent appraisal to determine the true market value of the vehicle you intend to buy.
What about “Certified Used Vehicles”?
Many car dealerships are offering “Certified Used Vehicles” on their lots. Most dealerships will have differing policies and guidelines on what qualifies as “certified”. In many cases, they are looking for even the most miniscule damage history so that your trade-in doesn’t fit the “certified” criteria. In this case, you won’t get the same value for your vehicle as if it had a clean title. DVAC can help you recover this diminished value.
Been In An Auto Accident?
If your vehicle has been damaged in an accident and you’re concerned about its true value, simply call DVAC Diminished Value Appraisal Claims at 877-879-0101 for a FREE consultation. You can also view our blog for more case-specific information.
Learn About Diminished Value Laws In Your State
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Understanding 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 75% 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
READ MORE
- You’re not at fault
- Your vehicle is five years old or newer
- The damage exceeded $1,500.
- All repairs have been completed.
Types of Diminished Value:
1. Inherent Diminished Value: This type of diminished value occurs due to the perception that a vehicle with a history of accidents is less desirable than a similar vehicle with no such history, even if repairs have been carried out expertly.
2. Immediate Diminished Value: Immediate diminished value is the reduction in value that occurs immediately after an accident. It reflects the decrease in the vehicle’s worth due to the visible damage it has sustained.
3. Repair-Related Diminished Value: Repair-related diminished value occurs when repairs, although performed properly, are not sufficient to restore the vehicle to its pre-accident condition. In such cases, the vehicle may still have underlying issues that affect its value.
Factors Affecting Diminished Value:
Several factors can influence the extent of diminished value a vehicle experiences:
1. Severity of Damage: The extent of damage sustained by the vehicle in the accident plays a significant role. Vehicles with extensive damage typically experience higher levels of diminished value.
2. Vehicle Age and Mileage: Older vehicles or those with high mileage may experience greater diminished value since they are perceived to have less remaining useful life.
3. Vehicle History: A vehicle’s accident history, even if the damage has been repaired, can impact its value. Buyers may be wary of purchasing a vehicle with a history of accidents.
4. Market Demand: The demand for a particular make and model in the used car market can affect its diminished value. Vehicles in high demand may experience less diminished value compared to those with lower demand.
How to Determine Diminished Value:
Determining the diminished value of a vehicle can be challenging and often requires professional appraisal. Several methods may be used, including:
1.Comparative Market Analysis: Comparing the value of similar vehicles with and without accident histories can provide insight into the diminished value.
2. Professional Appraisal: Hiring a professional appraiser experienced in assessing diminished value can provide a more accurate valuation.
3. Conclusion: Automobile diminished value is a significant consideration for both buyers and sellers in the used car market. Understanding the factors that contribute to diminished value and how to assess it accurately can help individuals make informed decisions when buying or selling a vehicle. Whether seeking compensation for diminished value after an accident or negotiating a fair price for a used car, awareness of this concept is essential for navigating the complexities of the automotive market.
Call DVAC at 877-879-0101 for a FREE consultation or Start your Appraisal now!
