Auto Insurance - The Appraisal Clause Process. 1st party claims with your own insurance company
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With just 200 miles on the odometer, this 2021 Dodge Durango SRT Hellcat was stolen out of the owner’s driveway at 2:30 AM, never to be seen again! Fortunately, he had comprehensive insurance with the “Good Hands” folk! Unfortunately, they wanted to reimburse him just $83,036 for his loss! Luckily, he was familiar with, and decided to invoke, the ‘Appraisal Clause’ in his policy and hired Auto Appraisal Network of South Florida to provide a prior-to-loss fair market value appraisal.
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?
If you are looking for a car appraisal near you, and you are in South East Florida, you've found us! Getting a car appraisal before you buy, sell, or trade a car helps you get a good idea of the vehicle’s value and puts you in a better-informed position to negotiate. Several factors can affect a car’s value, such as your location and what kind of buyer you’re selling to (if you’re selling). Where you go to get your car appraisal could also affect the estimate you receive. Online guides, lenders, car dealers and professional appraisers can all offer car appraisals.
The two secrets the auto insurance industry doesn't want you to know are "Appraisal Clause" and "Diminished Value." Almost every auto insurance policy has an Appraisal Clause, giving the policyholder, in the event their vehicle is declared a total loss, the right to an independent appraisal of the prior-to-loss fair market value. Diminished Value is the sudden loss of value because of an accident. If you were not at-fault in the accident, you can make a Diminished Value claim against the at-fault driver's insurance company. Call/text 786-853-0711 with any questions.
Has your vehicle been declared a total loss because of a fire? If your insurance company wants to settle for less than what you believe it's worth, invoke the Appraisal Clause in your policy, and get it appraised! Call/text 786-853-0711
If your Jaguar has been in an auto accident, there are two possible outcomes: declared a Total Loss, or repaired and back on the road. Either way, you should be aware of the auto insurance industry's two biggest kept secrets: Appraisal Clause and Diminished Value. Do an internet search of both terms, and learn how you can receive a greater settlement than the insurance company is willing to pay. Call/text: 786-853-0711
Google: 'appraisal clause auto insurance', and you'll realize that most of the owners of these 'Total Loss' vehicles in this compound never knew the appraisal clause existed in their policy. Based on our own results over the past 12 months, invoking the 'Appraisal Clause' resulted in policy holders receiving an average of 17% or $3,970 more that the insurance company initially offered to settle! Protect your investment! Get it appraised! Call/text: 786-853-0711
Two weeks after purchasing this Polaris Slingshot, 3-wheel motorcycle for $25,000, it was wrecked and declared a Total Loss. The insurance company wanted to settle for $14,735. The Appraisal Clause was invoked (we all have one in our policies), and after going through the appraisal and Umpire process, the insurance company settled for $24, 682. That's a $9,947 increase and 2,484% return on investment. Is your insurance company delaying, denying or underpaying? Call/text 786-853-0711
Because of its relative vulnerability and fragility, a motorcycle that has been in an accident has a high probability that it will be 'totaled', or declared a total loss, rather than being repaired. Be aware of the 'Appraisal Clause' in your policy, and do not accept the insurance company's below fair market value settlement offer. Protect your investment! Get it appraised! Call/text 786-853-0711 for information.
After being hit by a tow truck whose driver admitted to texting and driving, then dealing with the insurance company and feeling he was being short changed thru the whole process - a $36,187 settlement offer, Luis contacted Auto Appraisal Network for a Prior-to-Loss Fair Market Value Appraisal. Result? $41,705 settlement. That's $5,518 more! If your insurance company is delaying, denying or underpaying, call/text 786-853-0711