Saturday, March 29, 2014

DIMINISHED VALUE CLAIMS IN FLORIDA

Throughout Dade, Broward and Palm Beach Counties there are signifigantly more Diminished Value claims presented to insurors than anywhere else in Florida. Owners of late-model, high-end cars are more likely to live here. Where there is substantially more traffic, a multi-vehicle accident is more likely to occur. When one driver is found to be at fault, his insurance company is liable for DV.

Many vehicle owners fail to recognize their right to claim DV when a collision was someone else's fault. Although your car will likely be repaired to factory standards, the trade-in or resale value, because of the vehicle's accident history, is now significantly lower. Unwary car owners don't usually realize it until it's time to buy a new car. By then it's too late.

A recent case in Fort Lauderdale found that the insuror of the rental car that collided with my customer's 2010 Corvette offered $1,000 for DV. An appraisal from St. Lucie Appraisal showed a percentage of Diminished Value that resulted in the insurance company paying more than $5,000 instead. Miami and West Palm Beach are also examples of where you'll find this perfect storm of luxury cars, congestion and people in a hurry.

Friday, March 28, 2014

INSURANCE ADJUSTERS AND DIMINISHED VALUE - YOU GET WHAT YOU PAY FOR

INSURANCE ADJUSTERS AND DIMINISHED VALUE - YOU GET WHAT YOU PAY FOR

 FORT PIERCE, Florida - One of the more interesting developments arising from our involvement in handling automobile diminished value appraisals has been the fact that insurance adjusters - our adversaries for all intents and purposes - recommend The St. Lucie Appraisal Company to their families and friends. During the course of their work, adjusters assigned the task of settling diminished value claims for cars and trucks see every type of report generated by independent appraisers in all 50 states. There is a measure of satisfaction knowing that the people trying to devalue our expertise professionally do a complete reversal by recommending our services to those most important to them personally. The quality of our reports speaks volumes and the methodology we use - obtaining dealer quotes - is recognized as the most legitimate way to measure true diminished value in the real world.

There are many independent appraisers that advertise their services in Google, Bing, Yahoo and elsewhere on the internet. You will find everything from cut-rate diminished value reports costing as little as $39.00 to offers that tout "free" diminished value reports that are nothing more than come-ons for higher priced services. While most consumers are wise enough to see through these silly scams, others, especially foreign-born individuals, are easy targets.

"You get what you pay for" is a time-honored saying that applies to most things in life and diminished value appraisals are no different. Insurance adjusters are trained to spot bargain shoppers. They know that a claimant who presents them with a cheap-o appraisal or, even more so, a free quote from an auto dealer, is not the type of person who will put up much of a fight. Not only will the adjuster make an initial low-ball offer, they will refuse to budge, knowing that the claimant won't be likely to hire an attorney to represent their interests. The likelihood of these penny-wise, pound-foolish claimants taking whatever settlement is offered is greater than the prospect of their spending additional time and money defending their positions. This is not to say that independent appraisers charging four or five hundred dollars for their reports will guarantee success. The appraiser's methodology must also be legitimate for the report to be deemed indefensible by the insurance company.




The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net



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.




The fee for an Automobile Diminished Value Report is $225.00. You may also make your Credit Card Payment by telephone, call 772-359-4300. Credit card payments can be made on the PayPal page. Click on "Don't have a PayPal account?" to be taken to the secure credit card payment page. 

After making your secure payment please email all supporting information, including Year, Make, Model, VIN, Mileage, Engine, Color, Options as well as the completed insurance company appraisal to contact@stlucieappraisal.net or FAX to 772-466-8400.

NOTE: TESLA OWNERS PLEASE CALL 772-359-4300 TO ARRANGE FOR AN AUTOMOBILE DIMINISHED VALUE APPRAISAL. 


 
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Keywords for this article: adjuster, appraisal, appraiser, automobile, diminished value, independent, insurance