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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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.
Is your car repairable, or a Total Loss?
You have just been in an automobile accident and now you are wondering if your vehicle is repairable or if it’s totaled. Your body shop manager says that they are certain they can repair it, but the insurance company says they want to total it! What to do? Who do you believe? What are your options?
The two secrets the auto insurance industry doesn't want you to know!
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.
Should you tell your insurance company about upgrades and options?
Whether it's life, travel or automobile, insurance is the one item we purchase which we hope we never use. But, **** happens! Recently we handled total loss claims on a '90s Land Rover Defender and a 2021 Honda Civic Type R, both with over $10k in recent options and upgrades of which the owners never advised their insurance companies. We were able to settle for more $$$ than the insurance company initially offered, but the >$10k in upgrades was not covered! Yes, they saved a few $$ on the insurance premium, but lost thousands in the settlement. Don't be penny wise and dollar foolish! If you have invested in upgrades on your vehicle, advise your insurance company in writing!
Wrecked Porsche?
If your Porsche has been in an accident, whether it has been declared a total loss, or is repairable, by having a Prior-to-total loss Fair Market Value, or a Diminished Value appraisal, you will almost certainly have a higher cash settlement than the insurance company is initially willing to pay. Applies to all vehicles, not just Porsches!
Total loss because of fire?
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