|DIMINISHED VALUE - THE APPRAISER IS JUST THE FIRST STEP|
"Automobile insurance policy" means a policy providing third-party coverage for property damage liability. "Diminished value" means the actual or perceived loss in market value or resale value which results from a direct or accidental loss. Diminished value is an element of property damage under an automobile insurance policy for third party claims. If a release or full payment of a claim involving a repair to a motor vehicle is executed by an automobile insurance policy claimant, it should not bar the right of the claimant to promptly assert a claim for diminished value if the diminished value was directly caused by the accident and the diminished value could not be determined or known until after the repair or attempted repair of the motor vehicle. This first step is to obtain an automobile diminished value appraisal from a licensed appraiser. As the quality of diminished value appraisals can vary greatly, the state of licensure is unimportant. The vehicle owner should be afforded the opportunity of obtaining the best possible report from a properly credentialed appraiser.. A state-issued appraisers or insurance adjusters license provides credibility to the appraisal report. Other certifications from private companies, associations or organizations do not signify expertise or fiduciary responsibility as they are merely pay-for-credentials concerns.
The St. Lucie Appraisal Company is a licensed firm that provides automobile diminished value appraisals in all 50 states. It is important for vehicle owners to not only know their rights but also to be represented by an appraiser of unparalleled excellence in the field.
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
|AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES|
Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.
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Keywords for this article: appraisal, appraiser, diminished value. automobile, licensed, adjuster, insurance