There are many reasons to have an appraisal, however the single most important reason is to protect your investment. Your insurance company, or the insurance company of the party responsible for your loss is going to have to develop a value to determine a value of a Total Loss. With a custom, vintage, or highly original Vintage car, a carefully documented appraisal of your vehicles specifics, correctness, photos, documentation of parts and labor are key to the true value of your vehicle being recognized, prior to loss. Any restorer or owner knows that the difference in a 85 point car and a 95 point car isn’t always obvious to an untrained eye. However, the difference in the cost of restoration between these two examples is thousands of dollars. A vehicles correctness and authenticity can be even more important. A non correct engine on an American Muscle car has a huge affect on the cars value. We can now watch many of the large collector car auctions live on television such as Barrett-Jackson and Mecum. Watch any auction and you’ll see two similar cars by specification and general appearance bring drastically different values. In many cases, the better of the two examples will bring double of the lesser example. Without a professionally prepared appraisal, in a total loss situation, maybe without the car, you may be at a loss to documenting the true value of your vehicle to an insurance company, financial institution, or any 3rd party important to you.
Diminished Value Appraisal services is a very important part of the services that can be provided by Expert Auto Appraisals. Diminished Value is the loss of value that a vehicle is subject to due to involvement in an accident or event that has had a negative impact on the vehicle and its reported history to sources such CarFax, AutoCheck, or other like services. The diminished value that a vehicle has been subject to has to be determined through a Diminished Value appraisal. In Florida, the at fault party is responsible for the reimbursement of this loss. More info
Total Loss Appraisal services are a tremendous service that is provided by Expert Auto Appraisals. If a vehicle has been determined to be a total loss, the insurance company responsible will present a value to settle the total loss. It is quite possible the value may not be fair representation of the loss vehicles true value for a fair or comparable replacement. An Appraisal Clause, as it’s often referred to, give you the ability to hire an appraiser to perform an Appraisal Prior to Loss. If you invoke this right, the insurance company has to hire an appraiser as well. The two appraisers from both sides then negotiate the claim. In some cases, the appraisers can’t reach an agreement, and a 3rd appraiser is then selected to act as an umpire and render a final decision of value. Expert Auto Appraisals has successfully handled countless claims, adding substantial value for our clients.
Call us today at 772.621.2622 or complete your request online at Order Appraisal