Each week we report on the most interesting and informative articles concerning total loss disputes. Regarding our valuation appraisal of a Nissan 240SX with 201,776 miles that was involved in a front end collision on 9/28/22 that caused it to be a total loss. The insured made a collision claim for the vehicle’s fair market value.
Safeco Insurance valued the vehicle through CCC Information systems for $4,725.00. Our client disputed the amount and hired The St. Lucie Appraisal Company to represent his interests. Presenting a claim and following it through to a satisfactory conclusion is a daunting task for the average person. Obtaining a comprehensive valuation appraisal is key.
FLORIDA LICENSED
INDEPENDENT ADJUSTER
We established that the above captioned vehicle had a Fair Market Value of approximately $14,409.17 at the time of loss.
Safeco hired SCA Appraisal to represent them in Appraisal Clause negotiations. The SCA Appraiser valued the vehicle at $7,587.83. After being unable to reach an agreement on a settlement figure, the matter was turned over to an umpire, Claim Solution, Inc. Their valuation came to $14,302.34, which was so close to our valuation amount, the umpire decided to declare our appraised value as the settlement amount.
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