What is Diminished Value?
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Has your vehicle been in a wreck in South Florida? If the cost to repair is less than 80% of the vehicle's value, it is repaired and your vehicle had suffered Diminished Value. No matter how professional the repair, it's worth less than an identical vehicle with no accident history. If the repair cost is >80% of the value, it is declared a Total Loss. Either way, with an appraisal, we help you make a Diminished Value or Prior-to-Total Loss Fair Market Value claim with the insurance company to receive more $$$$.
When buying an older car, or one with a rebuilt or 'branded' title, most financing companies will request an independent Fair Market Value appraisal of the vehicle before approving your loan. Recently we've appraised two newer sports coupes with rebuilt titles in South Florida, a 2016 Jaguar F-Type and a 2018 Nissan GTR, and both loans were approved!
You take your Chevy Tahoe for a quick oil change and then you get the phone call! Is it totaled? Let's say your Tahoe is worth $28,000. In Florida, if the insurance company believes the cost to repair is close to 80%, or about $22,000, it's declared a Total Loss. But wait, there's more.....
Been in an accident in South Florida, and the insurance company has declared your vehicle a Total Loss? Be aware of the 'Appraisal Clause' in your policy, and invoke your right to an independent appraisal of its fair market value. Don't leave $$$$ on the table!
Whether you are buying your first collector car, adding one to you collection, or purchasing the whole collection, we can help with a pre-purchase inspection (PPI) and Fair Market Value appraisal in South Florida.
Protect your investment! Get it inspected and appraised! https://jalopnik.com/this-used-porsche-nightmare-is-why-you-always-get-an-in-1825771000
When you need to make a real estate insurance claim, you call a Public Adjuster. When you have an auto, truck, RV, motorcycle, watercraft or light aircraft insurance claim you need an Auto Appraiser. Just as the TV ad states "We know a thing or two because..........." https://southfloridacarappraisers.com/wrecked-car-value-miami-fl.html
The owner of this 2008 Porsche Turbo exercised his 'Appraisal Clause' right to have an independent appraisal of his 'Total Loss' vehicle. The ins. co. had it tightly wrapped to make the inspection difficult, but we prevailed! Vehicle totaled or damaged and now with 'Diminished Value?' Don't leave $$$$ on the table! Get it appraised!
2nd Barn Find in one week! The previous was a 1960 Porsche 356 1600 S Roadster! This one owner, low mileage 1971 Racing Green (code 907) 240Z has been sitting unmolested in storage since 1996. For an auto appraisal of your Barn Find, call/text: 786-853-0711
This is one of just 560 T5 Roadsters produced in 1960 by Drauz Karosserie. Full Fair Market Value appraisal just completed. Guesses as it it's current unrestored value? To appraise your collector car call/text 786-853-0711