Sample of diminished value appraisals done this week: 2012 Mitsubishi Eclipse Spyder…………………….. Cost of Repairs = $2,315 DV = $1,750 2006 Ford Five Hundred……………………………… Cost of Repairs = $4,450 DV = $2,100 2011 Chevrolet Camero………………………………… Cost of Repairs = $9,000 DV = $3,100 2012 Ford Explorer……………………………………… 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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