Total Loss Car Appraisal
Was Your Vehicle Declared A Total Loss After a Collision, Accident, Theft, or Flood?
Collect Your Vehicle’s Actual Cash Value by Ordering an Independent Appraisal Report.
Real Solutions that Will Help you Maximize Your Total Loss Payout From an Insurance Claim.
Free Total Loss Claim Review
Order a Total Loss Claim Review and find out your vehicle’s Actual Cash Value.
settle for more!
When is a Car Declared a Total Loss?
Automobiles are declared a total loss by an insurance company if and when the anticipated cost of repair is greater than the vehicle’s actual cash value or a percentage thereof.
In some cases, repairing a seriously damaged vehicle is simply impractical, even though the repair costs would not likely exceed cash value.
Insurers may decide to “total” a car or truck in this situation and they do that by paying the vehicle’s market value before the accident.
case study
Total Loss Scenarios
Maximize your settlement. Hire the experts at Diminished Value of Georgia and get the compensation you deserve!
| Actual Cash Value | Repair Cost | Damage to Value | Diminished Value | Decision |
|---|---|---|---|---|
| $10,000 | $12,000 | 120% | N/A | Total Loss |
| $10,000 | $8,000 | 80% | N/A | Total Loss |
| $10,000 | $5,000 | 50% | $1,500 | Repair |
| $30,000 | $21,000 | 70% | $4,500 | Total Loss |
| $30,000 | $15,000 | 50% | $3,500 | Repair |
| $30,000 | $10,000 | 33% | $2,500 | Repair |
Once a vehicle has been declared a total loss, questions of valuation can become particularly thorny and the subject of significant disagreement between claimants and their carriers.
Insurance companies will commission an appraisal of the vehicle in question and inform the policyholder of their valuation assessment.
Georgia law provides for multiple claims valuation methods, including the cash equivalent method or the replacement vehicle method.
It is important for car owners to keep in mind that they have the right to refuse that determination and begin a dispute process by hiring an appraiser of their choosing.
When concerns arise about the fairness of the value assessment provided by the insurer, this option should indeed be exercised.
settle for more!
Maximizing Your Insurance Claim
Maximize your settlement. Hire the experts at Diminished Value of Georgia and get the compensation you deserve!
1
Review the Insurer’s Valuation Report
It is critical that a vehicle owner scrutinize the details of the insurance carrier’s valuation report following a serious accident.
Some of the most important elements to review for accuracy include:
- Comprehensive Vehicle Valuation Reports
- Maximizing Your Compensation
- Expertise in Various Assessments
- Umpire and Mediation Services
It is often the case that the insurer’s appraisal report will be inaccurate, potentially depriving you of the monetary value to which you are rightly entitled. Keeping a close eye on the criteria the carrier’s appraiser used to assess the vehicle can prevent unnecessary loss.
It is often the case that the insurer’s appraisal report will be inaccurate, potentially depriving you of the monetary value to which you are rightly entitled. Keeping a close eye on the criteria the carrier’s appraiser used to assess the vehicle can prevent unnecessary loss.
2
Hire Your Own Total Loss Car Appraiser
As is almost always the case, an auto insurance carrier will make every attempt to reduce the value of a policyholder’s claim. For this reason, an unfairly low appraisal value may be provided in the aftermath of a total loss event.
The difference between an insurer’s appraisal amount and that reached by an independent appraiser can sometimes be substantial, and it is in the vehicle owner’s best interest to secure a second opinion, so to speak.
Georgia auto insurance policies typically contain a so-called “appraisal clause” articulating the holder’s right to seek his or her own valuation assessment for the purposes of dispute resolution and claim settlement negotiations.
As one of Atlanta’s leading car appraisal companies, we look forward to helping you obtain the full value you are owed for your vehicle.
Services offered
Affordable Total Loss Appraisal Services
We offer vehicle valuation reports to clients involved in car accidents who want to challenge the insurance company’s unfair settlement offer. Our team of valuation professionals stands ready to provide owners with either a desk review or a field inspection of their totaled vehicle.
Desk Appraisal
275
Flat Rate
- This report is normally ordered when the condition assessment contained in the insurer’s appraisal is not in dispute.
- This appraisal includes a USPAP compliant report, settlement negotiations directly with the carrier for first-party claims is an additional $250 fee.
- Discover your car's true value!
Field Appraisal
425
Flat Rate
- For cases in which the insurer’s appraisal incorrectly characterizes the condition and other elements of the vehicle’s value, we will need to conduct a physical inspection in order to provide an accurate determination.
- Field inspections include all aspects of a desk review as well as the added detail of an on-site examination.
- To schedule a field appraisal, please call (678) 404-0455.
Additional Resources
Our team of professionals is ready to provide unrivaled customer service and the most accurate total loss car valuations available in Greater Atlanta.