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Receive an objective, certified third party appraisal on your vehicle From DVAC Of

South Carolina

Do You Qualify for a Settlement?

01

BEEN IN ACCIDENT RECENTLY 

02

NOT AT FAULT

03

VEHICLE REPAIRS
COMPLETE

04

VEHICLE MAKE IS 2018 OR NEWER

05

DAMAGE  GREATER THAN $1000

If You've answered YES to these , then we can help!

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We’ll work diligently on your behalf to generate a fair vehicle appraisal and help you recoup the value of your automobile

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Get A Diminished Value / Total Loss Claim Consultation from one of our appraisers

Our Licensed Diminished Value Appraisers provide you with personalized up-to-date information regarding your diminished value claim. We will make sure you understand the procedure and what possible compensation is owed to you.

 

Your Personal Consultation will address the following:

– A comprehensive review of repair costs and estimates.

– An objective determination of whether your vehicle qualifies for diminished value or qualifies for a total loss settlement.

– An approximate range of compensation you may be paid for your loss.

 

Start Your Appraisal
Upload Damage Photo
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Upload Final Repair Bill
The DVAC Process

Intake of Appraisal Credentials 

- Repair records

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- Accident Photos 

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- Restored Photos  

Receive Diminished Value Appraisal

- DVAC returns same-day licensed appraisal

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- Client FWDs appraisal to at fault insurance company

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- Our next steps will be determined by their response

Tailored Customer Service 

- DVAC advises client 

Case specific council 

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 - Involved with all clients from Start --> Finish

WHY CHOOSE DVAC?

✓ Certified and Licensed Auto Appraisers

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✓ Certified and Licensed Adjuster

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✓ Superior 5 Star Ratings (Google)

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✓ Better Business Bureau AAA rating 

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✓ Court Certified Professional Witness

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✓ CARFAX History & Market Valuation Reports included 

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✓ vAuto Report included 

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✓ Former Auto Dealer Owner/General Manager 

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✓ In business since 1998

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✓ We walk with you every step of the way until claim is settled!

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✓ Guaranteed Results

If your vehicle has been damaged in an accident which you are not at-fault, you are owed money for the diminished value of your vehicle.

Diminished value is money owed to you by the at-fault insurance company.

Let us help! 

Receive an objective, certified third party appraisal on your vehicle

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Understanding Automobile Diminished Value

Introduction: In the realm of automobiles, the concept of diminished value is crucial yet often misunderstood. When a vehicle is involved in an accident, its value can decrease even after repairs have been made, due to factors such as damage history and perceived reliability. This phenomenon is known as diminished value, and comprehending its implications is essential for both buyers and sellers in the automotive market.

What is Diminished Value? Diminished value refers to the reduction in a vehicle's resale worth after it has been damaged and subsequently repaired. Even if the repairs are performed meticulously and restore the vehicle to its pre-accident condition, the fact that it has a history of damage can impact its value in the eyes of potential buyers.

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. Diminished Value Calculators: Online tools and calculators can provide rough estimates of diminished value based on factors such as vehicle make, model, age, and extent of damage.

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.

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