Jason Herman
Winter Park, FL (USA)
Role(s):
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Advocate Auto Claims
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Startup
Location:
Winter Park
Industry:
Insurance
Year Founded:
2008
Number Employees:
10-50 people
Description:
Advocate is the only full service contigency based provider of automotive diminished vale claims processing for consumers in the $3 billion per year untapped market opportunity. The company was founded to monetize previously unrealized consumer loss from auto accidents and resulting vehicle damage, where our client was not at fault. Advocate educates the public about diminished value and then offers, for a contignecy fee, to file a claim on their behalf and recover all monies owed. Every year there are nearly 6 million accidents in the U.S., involving in excess of 10.5 million vehicles. After a vehicle has been repaired, it now has a collision history and is worth less on the open market. In every state, the victime of the accident is entitled to be compensated for the loss of market value (diminished value) by the at fault party's carrier.