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Anybody can recommend an appraiser? Got hit recently and insurance lowball me on diminished value (obviously). So before I make a random call, any suggestion is appreciated.
2015 4runner, worth at least 31k, ~22k miles, cost ~$15k to fixe, curtain and side airbag deployed. Thanks
Can't you just look up vehicle values through NADA or KBB?
I did, I can't find an option for value post-accident. They only provide a value for current market on vehicle that's never been in an accident I think.
Oh. I guess I misunderstood what you were trying to accomplish.
Isn't the point of valuation pre-accident to say what the "totaled" value was, or what the accidental damage caused in terms of value loss?
Well, diminished value is when your vehicle is involved in an accident and its not your fault, you're entitled in compensation for the loss of value. Even if the vehicle is fixed "like new" it was still involved in an accident, the value will go down. Anyone buying a used vehicle will look at a Carfax for vehicle history, especially dealer, and see in my case that airbag has deployed, the dealer will lowball me or a potential buyer will not even consider buying a vehicle with airbag deployed, I know I wouldn't. Even if they do, they'll lowball the price. If I'm wrong, maybe someone could chime in. No one wants to be in an accident, I didn't ask for it. Waste of time.
You can try this:
http://www.vvsi.com/
There is no such thing as a specific type of appraiser for diminished value. Your options are to refuse the settlement amount and try to negotiate for more, or try to take that portion of the settlement to appraisal. If you're not far off from what you feel you are owed (extremely subjective), negotiating is likely your best bet. If you chose appraisal, then you and the insurance company will each hire an independent appraiser to value the depreciation. Your results will range from some companies being very lenient and accepting your appraiser's figure, to the insurance company telling you that you can prove how much value you'll lose in a sale by selling the vehicle and providing direct evidence of how much you lost. Either way, keep in mind that no one really uses KBB or NADA to value vehicles anymore, and dealership or private party ads are largely ignored altogether. It's been awhile since I've been in that industry, so take this advice with a grain of salt. Good luck.
Did the other party at least have insurance?Quote:
Originally Posted by XXFattyHunterXX
Yes, I'm going through their insurance, I'm trying to negotiate, they are being vague. Like Irving said, fairness is subjective, I feel the amount is unreasonable. I asked them for a number they go off of and didn't give it. Typical insurance I guess.
What about getting a quote from CarMax to buy your car? They supposedly look at the vehicle history.
https://www.carmax.com/sell-my-car
Thanks, I was thinking about going in to the dealer as well, having someone appraise it to compare the loss value between parties then submit more than one sources to the insurance.
Does this sort of thing work with hail damage too, and does it lead to rate retaliation by the ins co? I'm leery about how repairs will last long term - it is a mix of replace and repair, estimated to take 6+ weeks once in the shop.
Really low miles 2014 Tacoma, which of course hold value normally.
I'm not sure with hail, but I know someone who gotten his car fixed for hail damage and said his rate didn't go up, technically you didn't make it hail so not your fault. Not my fault with accident either, so rate won't go up.
First of all, it's not rate retaliation. Second, your rates should not be changed due to a comprehensive claim.
Most people don't know anything about most subjects, so I wouldn't be surprised if you had a difficult time selling your Tacoma for full market value after a hail claim. That said, hail doesn't affect function or safety of the vehicle at all, and unless someone can point to a specific area of the vehicle and prove that the vehicle is still damaged by hail, I doubt I'd cave to pressure to lower the price.
Most people are completely stupid when it comes to insurance.Quote:
Originally Posted by Irving
That being said, Irving is right.
What insurance is on the other side? Please don't say loya or general
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I got hit 3 times by 3 different people in 8 days. Twice in my car and once in the rental. One of the 3 didnt have insurance (and was the one who totalled my car). My rates didnt go up. It did make me want to purchase a deuce and a half.
When my Forester was stolen and totaled I looked into the same thing having an independent appraiser value the car as I was given 4K less from esurance than it would have taken to get me into a car of the same year and model. But it took the timeline of getting paid on the claim out another 2-3 months with no gaurentee it would change what they would pay on top of the 6 weeks it took to even get a payout offer from them and I was sick of dealing with it.
So did you just say fuck it and move on? or did you actually fight it out?Quote:
Originally Posted by DFBrews
I know there was a thread here about leasing vehicles. My wife had leased a vehicle once and about three months before the lease was up she was in a little accident that did right at $14K worth of damage. After the repairs were made we just turned it in and walked away.
i said fuck and took their low ballQuote:
Originally Posted by XXFattyHunterXX