What Determines the Value of Your Total Loss Vehicle?

Many factors can go into determining the value of a total loss vehicle. Typically, insurance companies will reach for data given by third-party vendors or internal proprietary models. Like their own Kelley Blue Book, they have their own methods of determining the value of your car given the make, model, and year while keeping in mind the condition of your car at the time of the wreck. However, this all depends on taking in a ton of broad data that ends up giving a 'careless' and potentially highly inaccurate value.

As an experienced independent appraisal group, we recognize your car may require detailed and thorough analysis of not just what the market says about vehicles like yours, but more exact details of the vehicle's condition and care. We'll take into account multiple used car value sources, sales data, and everything you know about your vehicle which the insurance company doesn't consider during their initial valuation.

Experience and skill in both appraisal and the automotive industry is therefore crucial when choosing to hire an independent appraiser to investigate the actual cash value of your vehicle. We value integrity above all, and promise to deliver excellent and fair appraisals. Poor appraisals and overvaluations of your vehicle can leave you accused of fraud when you need to make an insurance claim and undervalued appraisals will leave you missing out on hundreds or even thousands of dollars compared to the fair value of your vehicle.

Reach out to us today!