Since most claimants get their vehicles appraised by CarMax after a loss, the CarMax appraisal report would only be quantifying the post-repair cash value of the vehicle. Most claimants deduct this post-repair CarMax amount from NADA retail or other online valuation sources when computing DV on their own; this is
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
Wondering how much your vehicle lost in Value? Click the button to know more.
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