GuideOne calculates your diminished value based on the formula listed below. Your completed settlement recap is enclosed. Diminished Value Formula Given the problems with using estimates, or agreed costs to repair, as well as the inadequate reporting of mileage, our formula will use modifiers for each of these
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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