Sample of diminished value appraisals performed this week: 2009 Mazda CX-9………………………………………. Cost of repairs = $16,100 DV = $4,700 2004 Dodge Ram ……………………………………….. Cost of repairs = $10,300 DV = $2,700 2011 Hyundai Genesis…………………………………. Cost of Repairs = $2,875 DV = $2,350 2004 Ford F-150 Lariat……………………………….. Cost of Repairs = $6,725
The following vehicles have the highest rated sales (by unit) in September 2011: 1. Ford F series……………………………… 54,410 2. Chevrolet Silverado…………………… 43,698 3. Toyota Camry……………………………. 24,851 4. Ram…………………………………………. 24,522 5. Nissan Altima……………………………. 24,356 6. Ford Escape………………………………. 20,225 7. Honda Accord……………………………. 19,787 8. Honda CR-V……………………………… 19,604 9. Ford Fusion………………………………. 19,510 10.
O.C.G.A. § 33-1-9 GEORGIA CODE – INSURANCE FRAUD Copyright 2012 by The State of Georgia All rights reserved. *** Current Through the 2012 Regular Session *** TITLE 33. INSURANCE CHAPTER 1. GENERAL PROVISIONS O.C.G.A. § 33-1-9 (2012) § 33-1-9. Insurance fraud; venue; penalty; exemption (a) Any natural person who
Examples of a few appraisals done this week: 2008 Chevrolet Equinox…………………. Cost of repairs = $6,000 DV = $2,900 2011 Kia Sportage………………………….. Cost of repairs = $2,900 DV = $1,800 2009 Ford Expedition……………………. Cost of Repairs = $14,000 DV = $6,100 2009 Nissan Sentra……………………….. Cost of repairs = $4,800 DV
Days supply on Oct. 1, 2011 (stock by brand) Smallest Subaru………………….. 20 Mini……………………… 22 Hyundai……………….. 23 Kia……………………….. 27 Audi……………………… 27 Largest Saab………………………. 178 Fiat……………………….. 92 Mitsubishi……………… 85 Lincoln………………….. 82 Buick…………………….. 79 Days supply on Oct. 1, 2011 (stock by maker) Smallest Subaru…………………… 20 Hyundai-Kia………….. 25 BMW…………………….. 29 American Honda……. 33
BMW (2011 models) 3 Series, 5 Series GT, Z4 ……………………. $1,000-$4,500 ActiveHybrid 7………………………………….. $2,000 Ford 2011 Focus ………………………………………. $2,000 2011 Mustang…………………………………… $1,500-$2,000 2010 F-150………………………………………. $$4,500-$5,500 2010 Explorer Sport Track, Fusion Hybrid…………. $2,000 Lincoln (2010 models) MKT……………………………………………….. $5,000 Mercury 2011 Grand Marquis…………………………. $5,500 2011 Mariner, Milan…………………………. $3,500 2011 Mariner Hybrid, Milan
Example of a few appraisals done this week: 2009 BMW 135i……….. Cost of repairs = $4,200 DV = $3,000 2007 Toyota Corolla…. Cost of repairs = $5,650 DV = $1,330 2008 Lexus IS250……. Cost of repairs = $11,,500 DV = $4,000 2012 Mitsubishi Eclipse Spyder GT…. Cost of repairs =
*Dealer progams may vary by region BMW (2011) 7 Series…………………. $0-$10,000 5 Series GT……………. $3,500 ActiveHybrid 7………. $2,000 Ford (2011) Focus……………………. $2,000 Mustang……………….. $1,500-$2,000 Mercury (2011) Grand Marquis……… $5,500 Marnier, Milan……… $3,500 Mariner Hybrid, Milan Hybrid……… $1,500 Chevrolet 2012 Impala………………….. $0-$3,000 2012 Corvette, Camaro…… $1,500 2012 Colorado……………….. $0-$3,000 2011 HHR,
Example of a few appraisals done this week: 2005 Cadillac XLR……….. Cost of repairs = $4,900 DV = $2,850 2011 Ford Mustant GT….. Cost of repairs = $7,100 DV = $3,100 2010 Honda Accord……… Cost of repairs = $8,300 DV = $2,400 2006 Jeep Liberty……….. Cost of repairs = $9,200 DV =
Example of a few appraisals done this week: 2009 Honda CR-V……… Cost of repairs = $6,800 Diminished Value = $2,300 2010 Honda Accord……. Cost of repairs = $6,100 Diminished Value = $3,200 2011 Toyota Avalon…….. Cost of repairs = $6,300 Diminished Value = $3,750 2008 BMW X3…………… Cost of repairs =
Example of a few appraisals done this week: 2007 Lexus IS250…… Cost of repair = $3,700 Diminished Value = $2,040 2011 Kia Sorento…….. Cost of repair = $3,000 Diminished Value = $1,700 2005 Honda Accord… Cost of repair = $7,000 Diminished Value = $2,320 2006 BMW X5……….. Cost of repair =
The Uniform Standards of Professional Appraisal Practice otherwise known as USPAP are the quality control standards applicable for real property, personal property, intangibles and business valuation appraisal analysis and reports in the U.S. and its territories. USPAP was first developed in the 1980s by a joint committee representing the major
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
