When you buy a car and drive it off the lot, you already start losing value. That is natural depreciation. But if your car is in an accident, even after perfect repairs it may still be worth less than it was before the accident, that gap is called diminished value
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
