By law the insurance company is supposed to pay you diminished value, but sometimes they don’t and you don’t ask them to and a few years later you wake up and realize you’ve been screwed out of some money! On a third party claim (not your fault), and since it’s
Diminished Value Law in North Carolina NORTH CAROLINA GENERAL STATUTE 20-279.21(D1) [maxbutton id=”3″] § 20-279.21. “Motor vehicle liability policy” defined. (a) A “motor vehicle liability policy” as said term is used in this Article shall mean an owner’s or an operator’s policy of liability insurance, certified as provided in G.S.
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
Wondering how much your vehicle lost in Value? Click the button to know more.
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