USAA’s Diminished Value Methodology
Below is USAA’s flawed Diminished Value Methodology, it is basically State Farm’s 17c formula but with a few additional tweaks.
Below is USAA’s flawed Diminished Value Methodology, it is basically State Farm’s 17c formula but with a few additional tweaks.
USAA stating that a vehicle owner can be his own appraiser: In a letter to USAA challenging the fact that they are using their own employee as their appraiser in an appraisal clause dispute, a high level USAA executive replies the following: If you or your spouse believes you meet
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.
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