Sample of diminished value appraisals performed this week: 2009 Chevrolet Traverse……………………….. Cost of Repairs = $10,550 DV = $3,000 2011 GMC Yukon XL 1500…………………….. Cost of Repairs = $6,750 DV = $4,000 2011 Nissan Juke………………………………….. Cost of Repairs = $5,550 DV = $2,450 2006 BMW M5…………………………………….. 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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