“Scottsdale Insurance Co., which is part of Nationwide, represents the valet parking service”, according to the aforementioned article. “According to a letter it sent DiMarco, Scottsdale Insurance denied the claim because the property damage policy doesn’t include theft. The insurer did not return a call for comment.”

The company through which DiMarco insured the Porsche — which he owned for only slightly longer than one year and had fewer than 5,000 miles clocked on its odometer — only offered him $68,000.00 to replace it. Acceptance of that offer meant that not only would he lose approximately $50,000.00 of the value of the car; but he would also be required to waive his legal rights to recover the full value of the vehicle.

DiMarco continues to pay $2,000.00 per month in car payments — and the duration of the loan is six years. The valet claim ticket is all he has left from the incident.

The 36-year-old owner of a financing company for used cars in Austin figures that his Porsche Panamera “was chopped up for parts or was immediately put into a metal shipping container to be sold overseas.”