by Diminished Value Car Appraiser on June 26, 2014
Below is USAA’s flawed Diminished Value Methodology, it is basically State Farm’s 17c formula but with a few additional tweaks.
Insurance Bad Faith,
low rated carrier,
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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.
Things to look for when choosing an appraisal company:
1- Fixed Pricing Schedule
2- Refund Policy
3- Professional License
4- Beware of Fraud
5- Reviews from Real clients