Stolen car, now what? If your vehicle is stolen, you should call the police immediately and then notify your insurer, your lender and your state’s DMV. Almost 900,000 vehicles were reported stolen across the U.S. last year according to the National Insurance Crime Bureau (NICB), an insurance industry association. Lots of questions! What happens when your car is stolen then found? Who will pay for the damages that happened when the car was not in your custody?
Has your car, truck or SUV been stolen recently in South Florida? Is your insurance company fully compensating you for what you believe your vehicle is worth? If not, research if your policy contains an 'Appraisal Clause' which gives you the right to have an independent appraisal to determine the vehicle's fair market value at the time of the theft. Don't settle for the insurance company's offer!
The insurance company offered $8,319 for the Total Loss of this 2011 Honda Pilot. After a Total Loss appraisal, the insurance company settled for $12,000. Car damaged in an auto accident? Visit https://southfloridacarappraisers.com/
Tim M’s 2014 Kia Sorrento was stolen in December 2018, never to be seen again! His insurance company offered to compensate him $11,329 for his total loss. Tim felt this was less than fair market value so contacted us to help him. We advised him to inform his insurance company that he wished to invoke the ‘Appraisal Clause’ in his policy. We all have one in our policies!