Car Wreck?
AUTO APPRAISAL NETWORK
Don't Accept The Insurance Company's First Offer After A Wreck!
Almost all auto insurance policies have something called an Appraisal Clause. This allows you to dispute the amount the insurance company says your car is worth by bringing in an unbiased appraiser. Insurance companies don't always value your vehicle at its pre-accident condition, which could be a difference of thousands of dollars. Having an independent appraiser who doesn't work for the insurance company can help you maximize your claim.
If you think that your wrecked or totaled car is worth more than the insurance company says it is, it is your right to get a second opinion! Before accepting their offer, find an Auto Appraiser in your area and tell them you need an appraisal following a car accident. If your car has been totaled, you need a 'Prior-to-total loss Fair Market Value Appraisal.'
If your vehicle isn't totaled and is able to be repaired, you want to get a 'Diminished Value' appraisal. The auto appraiser will know and explain the difference to you.
Your policy’s ‘Appraisal Clause’ and ‘Diminished Value’ are two terms the auto insurance industry doesn’t want you to know about. Don’t leave money on the table, make sure you get a check for the full amount that your vehicle is worth.
We are the Auto Appraisal Network of South Florida. If you are in the South East Florida area, contact us. We will give you a fair assessment of your vehicle and work directly with the insurance company so that they pay you a fair amount for your wrecked or totaled car or truck.
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What kind of auto insurance is right for you?
Daily driver (Stated Value) insurance is well suited for your daily driver car that is depreciating in value, but your custom or restored collector car that is going up in value, needs different (Agreed Value) insurance coverage. Do NOT lump your daily drivers and collector cars on the same policy! In the event of a claim for your collector car, you could be greatly disappointed!
Is diminished value the same as depreciation?
Diminished value and depreciation are two separate and distinct issues. Diminished value is the difference between your vehicle’s market value before an accident and its value after an accident, once repaired. Depreciation is your vehicle’s loss in value over time, which is caused by normal wear and tear. Your car’s depreciation is determined based on its mileage, age, make, model, and general condition.
Car appraisals from Key West to Port Canaveral
For cars, trucks, motorcycles, motorhomes, RVs, boats and light aircraft appraisals, from Key West to Port Canaveral, South Florida Car Appraisers has you covered.
15 year old BMW 650 has over $5,000 in Diminished Value
This 15 year old BMW 650 was in an accident caused by another, resulting in over $10k in damage repairs. Following a Diminished Value appraisal, the owner is now making a $5,000 claim against the insurance company of the at-fault driver.
Flooded cars in Fort Lauderdale and Hollywood, South Florida
If your vehicle was damaged during the recent historic rainfall and floods in and around Fort Lauderdale and Hollywood, South Florida, it is highly likely your car will be declared a total loss by your insurance company. Be aware of the 'Appraisal Clause' in your policy, and/or do an internet search. Do not accept your insurance company's first offer. Invoke your 'Appraisal Clause.' Big $$$ at stake!
Diminished Value - everything you need to know!
Almost everything you need to know about Diminished Value to your vehicle is in this article: https://classicmotorsports.com/articles/crash-course-diminished-value/ If you have been in an automobile accident, contact us and we'll walk you through step-by-step what you need to do to receive compensation for your loss.
How much is my rebuilt title vehicle worth?
As a follow-up to this post: https://southfloridacarappraisers.com/classic-car-news-and-tips/how-do-you-get-financing-on-your-branded-or-rebuilt-title-1657747143488.html? several have asked what effect a rebuilt title has on the value of a vehicle. As attorneys are known to respond – “it depends!” Comparing two identical vehicles, same year, make, model, options, mileage, and condition, the one with the rebuilt title can be worth anywhere from 20% to 40% less than the one with a clean, no accident history.
Stolen 2021 Dodge Durango SRT Hellcat
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?
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?
Car appraisal near me
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.