Total Loss Claims And Appraisals |
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Is my car a total loss?
Did the insurance company decide that your vehicle is a Total Loss after an accident, theft, or a flood?
When your car, truck, SUV, or motorcycle is determined to be a total loss, it is not uncommon that the insurance company may make you an initial low ball offer that is below the actual fair market value of your vehicle. In fact, one vehicle value source used by many insurance company to set the value of totaled vehicle has been the subject of several class action law suits as well as state insurance regulators.
There are many factors that determine the true market value of a vehicle. The vehicle's year, make, model, mileage, options, color, and condition are all factors that could impact a vehicle's value. As expert appraisers we know how to determine your vehicle's actual fair market value and how to help you recoup more money for your totaled vehicle. The difference between an insurer's appraisal amount and that reached by an independent appraiser can sometimes be substantial, and it is in the vehicle owner's best interest to secure a second opinion,
Georgia Law provides for multiple claims valuation methods. This could include the cash equivalent method or the replacement vehicle method. As a vehicle owner in Georgia you have every right to refuse your settlement offer and dispute the it by hiring an appraiser. If you feel you have not been treated fairly by the insurance carrier, this route should be taken.
Did the insurance company decide that your vehicle is a Total Loss after an accident, theft, or a flood?
When your car, truck, SUV, or motorcycle is determined to be a total loss, it is not uncommon that the insurance company may make you an initial low ball offer that is below the actual fair market value of your vehicle. In fact, one vehicle value source used by many insurance company to set the value of totaled vehicle has been the subject of several class action law suits as well as state insurance regulators.
There are many factors that determine the true market value of a vehicle. The vehicle's year, make, model, mileage, options, color, and condition are all factors that could impact a vehicle's value. As expert appraisers we know how to determine your vehicle's actual fair market value and how to help you recoup more money for your totaled vehicle. The difference between an insurer's appraisal amount and that reached by an independent appraiser can sometimes be substantial, and it is in the vehicle owner's best interest to secure a second opinion,
Georgia Law provides for multiple claims valuation methods. This could include the cash equivalent method or the replacement vehicle method. As a vehicle owner in Georgia you have every right to refuse your settlement offer and dispute the it by hiring an appraiser. If you feel you have not been treated fairly by the insurance carrier, this route should be taken.