Auto Appraisals for Totaled Vehicles
There are two basic types of Total Loss
- Economic Total Loss: Simply put, the insurance company would declare a vehicle totaled if the cost of repairing the vehicle + rental cost + diminished value + salvage value is greater than the replacement cost.
- Actual Total Loss: This occurs when the insured property is completely and utterly destroyed.
In either case, The insurance company has the affirmative duty to pay you the cost to replace your vehicle plus tax and any fees associated with a retail purchase.
The insurance company is required to provide you with an appraisal report, this appraisal report (Market Valuation Report) will detail how the insurance company arrived to their assessment of value. Insurance companies hire an outside entity (Mitchell, CCC or Audatex) to compile the data in the report. Our job is to provide you with an alternate proof of loss in the event that you disagree with the valuation provided to you.
To analyze and advise if the amount they are offering is fair, please email the valuation report you received from the insurer to info@totaled.us , fax to 678-666-2575 or use the file upload boxes below
On Average, our valuations are usually 5 to 15% higher than CCC or Mitchell, so, if your insurance company is using either one of those companies for their valuations, it might be a claim worth disputing.
If the vehicle is not declared a total loss, you might qualify for Diminished Value.
Please call us toll free at 1-877-667-2326 or email info@totaled.us. if you have any questions and to get the process started.
