Friday, September 20, 2013

AUTOMOBILE DIMINISHED VALUE APPRAISER- WE DO NOT WORK FOR INSURANCE COMPANIES

WE DO NOT WORK FOR INSURANCE COMPANIES

If you have read any of our articles it is evident that The St. Lucie Appraisal Company prepares its automobile diminished value reports based on new car dealer's opinions of how much value your car has lost due to undergoing collision repairs. YOUR CAR - not a group of similar vehicles that were sold at auctions. In addition, we've cautioned you to make sure that whatever automobile diminished value appraiser you employ uses the same method. This way, insurance companies cannot downgrade the appraisal for any legitimate reason such as their refusal to accept random formulas or auction results that don't address your specific car or the exact amount of damages that were repaired. This article is in response to many of the appraisals we've seen that were done by independent appraisal firms on behalf of Allstate, American Family, Farmers, Geico, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA and other insurance companies. These appraisals are, in a word, crap. Employing formulas such as the disputed Rule 17-C and auction results, their reports produce lower diminished value amounts that are in no way relevant to real world diminished value. Yes, we've been asked by a number of insurers and insurance defense attorneys to prepare DV reports on their behalf with the caveat that we change our methodology to obtain lower settlement figures. Each of these insurers has been shown the door. The St. Lucie Appraisal Company works for you, not insurance companies. So, in addition to advising you to make sure that your licensed independent appraiser uses strictly dealer quotes to prepare their reports, we should add that you ascertain whether they also work for insurance companies. If so, it's a red flag.

Automobile Diminished Value has officially become an entry in the lexicon of insurance terminology. It reflects a car’s quantifiable loss in fair market value subsequent to being repaired after a collision. Determining just how much value was lost takes a lot of effort, not simply plugging in a formula or scanning recent auto auction results. The St. Lucie Appraisal Company does not work for insurance companies simply because they have no interest in offering fair settlement amounts. Make sure that your independent appraiser is licensed and is 100% committed to doing what's right for you - instead of for whoever is throwing them a bone.


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.


paypal payment button The fee for an Automobile Diminished Value Report is $275.00. 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 the body shop estimate or the insurance company appraisal to contact@stlucieappraisal.net or FAX to 772-466-8400.

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


 
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Check our Reviews on Angie's List


Updated 01-28-2014

Keywords for this article: adjuster, Allstate, American Family, appraisal, automobile, diminished value. appraiser, Farmers, GEICO, independent, insurance, Liberty Mutual, nationwide, Progressive, Rule 17C, ST. LUCIE APPRAISAL, Travelers, USAA,car

Monday, September 16, 2013

PORSCHE AUTOMOBILE DIMINISHED VALUE APPRAISAL - 2013 PORSCHE 911 - BEST METHODOLOGY FOR ACCURATE REPORTING

AUTOMOBILE DIMINISHED VALUE APPRAISAL - 2013 PORSCHE 911
FORT PIERCE, Florida - Porsche owners are a discriminating lot. The typical buyer of a used Porsche is looking for a car that is in pristine condition. Cars that have undergone repairs for collision damages do not fall into this category. These bad Carfax Porsches suffer diminished value far in excess of most other cars; a fact that most insurance companies fail to recognize. In order to properly appraise the exact loss of value, The St. Lucie Appraisal Company's method of obtaining dealer quotes to formulate that amount is the best methodology for obtaining accuracy. There are numerous appraisers who have jumped onto the automobile diminished value bandwagon. Unfortunately, the majority of these firms use either formulas or auction results to obtain their figures. Neither approach is satisfactory as they fail to address how significantly high-end cars lose value once they've been damaged in collisions. A competent diminished value appraiser should obtain real world quotes from Porsche dealers when trying to establish the amount of the loss. The dealer must be made aware of the year, make, model, mileage, color and options of the subject vehicle as well as the exact nature of the damages that were repaired. Armed with this information, the dealer can accurately quote exactly how much less he would pay for the repaired car vs. a previously unmolested one.

A recent appraisal of a 2013 Porsche 911 AWD H6 Coupe with 5,000 miles that was wrecked in a collision. The vehicle suffered right side damages in the amount of $8,500.00 - not a particularly high amount. The subject vehicle was silver and was fully optioned. Trade-in value for this car was $100,000.00 but in light of the bad Carfax, Porsche dealers queried said they would only pay from sixty-thousand dollars to seventy-five thousand dollars for the car. Most dealers cited low buyer interest. Taking an average of the six dealer quotes, the amount of diminished value was $30,666.00. The insurer hired an independent appraiser who used a formula showing the diminished value to be only $5,000.00. The case was scheduled for trial when the insurance company conceded that the formulaic approach would not stand up to scrutiny. They paid the full diminished value amount plus the claimant's appraisal and attorney fees.

Diminished value appraisal figures should represent what the vehicle will encounter in the real world of used cars. It is the used car managers at dealerships who provide the most realistic assessment of values because automobile dealers are the ones purchasing and re-selling the vehicles. An automobile diminished value appraisal that is compiled in this manner, listing each dealer, their estimation of how much less they would pay because of the bad CARFAX and any pertinent comments such as how different variables may have affected their decisions, carries the most weight. Although it is more time consuming than using a formulaic approach or an auction printout, it is the most valid method by which accuracy can be obtained.

When hiring an automobile diminished value appraiser to evaluate your loss, steer clear of companies who use formulas or auction results. Insist that your report be done strictly on the basis of dealer quotes. Why give insurance companies anything else but irrefutable evidence that will stand up in any court of law? Have a Porsche that was wrecked in a collision? After repairs, call The St. Lucie Appraisal Company for the best and most effective automobile diminished value appraisal you can get.


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.


paypal payment button The fee for an Automobile Diminished Value Report is $275.00. 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 the body shop estimate or the insurance company appraisal to contact@stlucieappraisal.net or FAX to 772-466-8400.

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


 
Read Unbiased Consumer Reviews Online at AngiesList.com
Check our Reviews on Angie's List

Updated 01-28-2014
Image courtesy of http://pleasediscuss.com

Keywords for this article: 911, appraisal, appraise, appraiser, automobile, best, carfax, diminished value, methodology, Porsche, The St. Lucie Appraisal Company, car

Thursday, September 5, 2013

AUTO DIMINISHED VALUE - GET AN APPRAISAL - THEN PREPARE FOR BATTLE

AUTO DIMINISHED VALUE - GET AN APPRAISAL - THEN PREPARE FOR BATTLE
FORT PIERCE, Florida - If only it were as simple as hiring a licensed appraiser and submitting their automobile diminished value report to the insurance company. When prospective clients call us with questions, after they hear the answers, most of them disappear - never to be heard from again. St Lucie Appraisal prepares the best auto diminished value appraisal that can be obtained in any of the 50 states. We hate to turn away business but the cold hard truth is, regardless of the fact that you'll be submitting irrefutable evidence of how much value your car has lost after collision repairs, companies like Allstate, American Family, Farmers, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers and USAA will still offer settlements representing a fraction the actual diminished value.  Where do these people vanish to? Perhaps other independent appraisal companies promise huge settlements or maybe people become frustrated and meekly accept these lowball payouts but being dishonest about our customers' prospects is no way to do business. A more reasonable reality is that you'll need to make a formal complaint to your state's insurance department for unfair claims practices and, perhaps, go so far as hiring an attorney. But in the event your complaint escalates into a courtroom battle, you'll be asking for compensation for appraisal and attorney fees on top of your diminished value and there's a good chance you'll win! Why? Read on.

The automobile diminished value report you receive from St. Lucie Appraisal is based entirely on the opinions of used car managers at automobile dealerships. Was your Honda wrecked and repaired? Our report provides six quotes from Honda dealerships that specifically address your actual vehicle and the exact amount and severity of damage that was repaired. When people trade their cars in, those are the guys who buy them so their opinions are valid. Other appraisal companies providing diminished value reports may use formulas such as the inappropriate (as ruled by The Georgia Supreme Court) Rule 17-C or collect data from auto auctions to formulate their figures. I'm not guaranteeing success if you march into court with this type of appraisal. Insurers can successfully argue that they do not address your specific car or the damages it incurred.

The Georgia Supreme Court's ruling on the inequity of Rule 17-C laid the foundation for fair automobile diminished value settlements in all 50 states.  Formulas such as State Farm's Rule 17-C severely shortchanged vehicle owners and, in doing so, provided themselves and other insurers using formulas to determine diminished value with unjust enrichment.

Subsequent to your accident, the adjuster from the responsible driver's insurance company will offer you a settlement for diminished value. If you ask them how they came up with the figure they will either point to a formula, a "certified" appraiser's report or simply refuse to explain their process altogether. I have seen the diminished value reports prepared by independent appraisers hired by insurers and they are a joke. They contain no reasonable facts to back up their assumptions. Most of them are not licensed in any state. Note that "certified" appraisers belong to pay-to-be-certified organizations, not unlike the Better Business Bureau and should not be confused with "licensed" appraisers. A number of insurance company attorneys have contacted St. Lucie Appraisal in the past to inquire about hiring us. Once they learned about our process of using dealer quotes, however, their interest faded quickly as they realized that our reports would result in higher (translation: fair) diminished value settlements. In front of a magistrate or mediator, these types of reports provide actual evidence of how much less your car is worth in the real world. Appraisals based on formulas or auction results can not compare. And insurance company diminished value estimates made up out of thin air (yes, they do exist) will certainly be looked upon as unfair at best and possibly fraudulent in the eyes of a judge.

Face it, even your own insurance agent or broker hasn't informed you of your right to collect diminished value from the insurer of the responsible driver. Regardless of the fact that the settlement isn't even costing your own insurer a dime, agents are mum on the subject altogether. Automobile diminished value is the newest thorn in the insurance companies' side. Their mission is to keep it a secret and their hope is that it will go away.



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.


paypal payment button The fee for an Automobile Diminished Value Report is $275.00. 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 the body shop estimate or the insurance company appraisal to contact@stlucieappraisal.net or FAX to 772-466-8400.

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


 
Read Unbiased Consumer Reviews Online at AngiesList.com
Check our Reviews on Angie's List

Image courtesy of http://pleasediscuss.com

Keywords for this article: auto, automobile, diminished value, appraisal, appraiser, insurance, St. Lucie Appraisal, attorney, complaint, State Farm, Allstate, GEICO, Progressive, Farmers, USAA, independent, certified, licensed, agent, broker
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