Example of a few appraisals done this week: 2007 Lexus IS250…… Cost of repair = $3,700 Diminished Value = $2,040 2011 Kia Sorento…….. Cost of repair = $3,000 Diminished Value = $1,700 2005 Honda Accord… Cost of repair = $7,000 Diminished Value = $2,320 2006 BMW X5……….. Cost of repair =
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
Many clients believe that if another appraiser gives them a higher initial estimate, the settlement amount will be equally high. WRONG!
Insurance companies know who the legitimate appraisers are, so don't get caught up in the estimate game. Hire an appraiser based on their credentials and reputation.
Seven things to look for when choosing an appraisal company
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