Tuesday, March 26, 2013

IS THE VALUE OF YOUR TOTAL LOSS CAR OR TRUCK IN DISPUTE WITH THE INSURANCE COMPANY? REACHING A FAIR MARKET VALUE SETTLEMENT ISN'T ALWAYS EASY.

FAIR MARKET VALUE APPRAISERS

 FORT PIERCE, Florida - Insurance companies aren't overly generous, that much we all know. But we do expect to be treated in a fair manner by them - especially when claim time rolls around. Much of St. Lucie Appraisal's business involves handling claimant vs. insurer disputes over the value of motor vehicles. How do the insurance companies' low-ball estimates of value fare in the real world? Dismally. Insurance adjusters may have guidelines, quotas and heavy workloads but when faced with hard-to-refute evidence of the value of a car, truck, motorcycle, RV or heavy equipment, continuing to hold the company line usually proves to be a big mistake - for them. Fair Market Value in total losses can be determined in many ways. Insurance companies tend to favor book values which can sometimes be right on the money but often enough - especially with custom cars and motor homes - their accuracy falls flat. Rather than put insureds and claimants into a spin cycle, some adjusters do take the extra time or spend a few bucks for an appraiser to investigate further. That generally leads to concessions which, in turn, produce satisfactory results for everyone.


WRECKED FERRARI TOTAL LOSS VALUE

When we receive an assignment to determine Fair Market Value in an insurance dispute, it's almost a certainty that the owner of the equipment has a clearer knowledge of the actual cash value than the insurance adjuster does. Whether its laziness or simply the need for a reality check, insurance company representatives need to be both thorough and flexible in their investigations when disputes arise.  Mediators, arbiters and magistrates have little patience for unfair claims practices.

If the discrepancy is simply in the estimation of value; that is, if no issue exists involving old damage or excessive depreciation, etc., call us to work on your behalf preparing a Fair Market Value Appraisal for  your car, truck, motorcycle, motor home or heavy equipment. We are licensed appraisers and provide reports in all 50 states.


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 


Service in St. Lucie County, Martin County, Indian River County, Brevard County, Palm Beach County, Broward County, Miami-Dade County, Vero Beach, Melbourne, Sebastian, Palm Bay, Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, Wellington, Haverhill, West Palm Beach, Lake Worth, Lantana, Manalapan, Hypoluxo, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Margate, Pompano Beach, Tamarac, Sunrise, Lauderhill, Lauderdale Lakes, Plantation, Fort Lauderdale, Davie, Cooper City, Pembroke Pines, Miramar, Dania Beach, Hollywood, Hallandale, Miami, Miami Beach, North Miami, Opa Locka, Hialeah, Coral Gables, Kendall, Cutler Bay and Homestead.




Truck drawing courtesy of PETERBILT1993
Car drawing courtesy of koenigsegg18

Keywords for this article: adjuster, appraiser, arbitrate, book value, car, claim, dispute, fair, fair market value, insurance, magistrate, mediate, motor home, motor vehicle, st lucie appraisal, total loss, truck, value, heavy equipment

Updated 06-18-2013, Updated 01-21-2014