Example of a few appraisals done this week: 2009 Honda CR-V……… Cost of repairs = $6,800 Diminished Value = $2,300 2010 Honda Accord……. Cost of repairs = $6,100 Diminished Value = $3,200 2011 Toyota Avalon…….. Cost of repairs = $6,300 Diminished Value = $3,750 2008 BMW X3…………… Cost of repairs =
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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