Aug 13, 20201 min read

Recent Diminished Value Settlements Recovered

A customer located in New Jersey had a 2017 Porsche 911 Carrera S with 36,233 miles on the clock was hit by an insured; at fault driver. The insurance company paid $11027.58 for repairs, but informed him that he needed to “prove” that his incurred diminished value (DOV) as a result of the accident. He hired us and DVAC immediately invoked The Appraisal Clause. After pleasant and non confrontational discussions with their DOV Appraiser we both agreed that the Porsche suffered $7200 DOV. The tainted CARFAX History Report and Market Report verified our number. DVAC’s client was paid a correct DOV settlement of $7200. It pays to hire an expert; licensed appraisal company to cover your six o’clock!