Insurance companies focus on repairs, not the lasting impact on your car's worth. Diminished value is a separate claim you may have to pursue to recover the lost value due to the accident. An appraisal company provides the evidence needed to strengthen your claim. Let's Talk about getting you what your car deserves!

PayMyDV leverages a data-driven approach, combining certified appraisers and cutting-edge AI technology. This ensures comprehensive DV assessments, integrating market trends, brand reputation, and accident specifics. Additionally, the user-friendly interface and transparent reports provide clear, accurate claims in record time, minimizing stress and maximizing compensation.

Diminished Value refers to the loss of a vehicle's market value after an accident, even if fully repaired. It matters because prospective buyers often perceive the car as less valuable due to its accident history, affecting resale or trade-in potential. For not-at-fault drivers, recovering DV ensures fair compensation for this loss.

DV is calculated by considering various factors, including the car's pre-accident value, repair costs, accident severity, and market trends. The 17c formula, a commonly used method, takes these aspects into account, adjusting for factors like brand reputation, model year, and regional trends to provide an accurate estimate.

While DV claims primarily benefit not-at-fault drivers, they can apply to first party claims as well. For instance, some states, including Georgia, allow drivers to claim DV from their own insurance companies. Check your state's laws or consult a DV expert for clarity on your specific situation. You may also be able to claim DV for the % you are not at fault. For example, if the other insurance company finds you 40% at fault, you may be able to claim 60% of the DV of your vehicle.

The time frame to file for DV depends on state laws and insurance policies. Generally, it ranges from a few months to a few years. For example, Florida's statute of limitations for DV claims is four years. It's crucial to act promptly, document the accident and repairs thoroughly, and consult a DV expert for guidance.

Yes, if you used UMPD coverage, you may be able to claim DV from your own insurance company in most states. When using UMPD you are now a claimant and entitled to claim DV as a third party claim.

The Uniform Standards of Professional Appraisal Practice requires appraisers to be aware of, understand, and correctly use recognized methods and techniques to produce a credible appraisal.