Tag: loss of use

Porsche Diminished Value and Loss of Use Claims

November 16, 2023November 7, 2023 by stlucieappraisal

St. Lucie Appraisal, automobile, personal property, diminished value, appraiser

WE ARE THE BEST AND MOST TRUSTED AUTO DIMINISHED VALUE APPRAISERS IN THE COUNTRY. OUR COMPANY VALIDATES OUR DIMINISHED VALUE RESEARCH BY SPEAKING TO THE SALES MANAGERS AT SIX PORSCHE DEALERSHIPS IN YOUR AREA. THIS SUPPORTS OUR EXPERT OPINIONS, PROVIDING PROBATIVE EVIDENCE TO STRENGTHEN YOUR INSURANCE CLAIM OR COURT CASE.

Hire an Expert Porsche Diminished Value and Loss of Use Appraiser

There is a new phenomenon in the automotive world and it is called Diminished Value. For those who haven’t heard this term, it means the loss in value a vehicle experiences after undergoing collision repairs. The Porsche, being a car that attracts more discriminating buyers, suffers a great deal more diminished value than an ordinary car. Used car buyers simply won’t pay as much for a previously wrecked car so dealers, in turn, have to offer less come trade-in time. Porsche owners are typically upscale folks who expect a first-class level of service. Those expectations extend to the treatment they receive from insurance companies after their cars are wrecked by the negligence of others. Seeking fair compensation for diminished value and loss of use is part of it. You need an expert appraiser. At The St. Lucie Appraisal Company, Porsche Diminished Value and Loss of Use claims are our specialty.

How to Determine Porsche Diminished Value and Loss of Use

Our methodology for preparing automobile diminished value appraisals is unique within the industry because we don’t rely on formulas, algorithms, auto auction results or other short cuts to determine the amount of value lost after collision repairs. Each situation is unique and the only way to provide tailor-made reports is to query the people who actually do the buying and selling of these bad Carfax vehicles – Porsche dealers. It is important, of course, that the dealers who participate in our surveys know full well that the subject vehicles are not for sale or available for trade. This prevents insurance companies from alleging collusion or vested interest. This approach has made our company the best at what we do – Diminished Value and Loss of Use appraisals. Magistrates and mediators alike have recognized the validity of our reports because they are both comprehensive and uncomplicated.

Insurance Company defense attorneys can instantly recognize which independent appraisals will stand up in court and advise their adjusters accordingly when it comes to offering fair settlements. We are rarely called upon to appear as expert witnesses in legal proceedings because our customers generally receive fair settlements that preclude taking civil actions. Porsche diminished value and loss of use claims should present no problems if appraisals are prepared correctly.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

When we receive an assignment to prepare a diminished value appraisal for a Porsche, there is a nationwide network of dealers from whom we can obtain opinions. Obtaining six verifiable quotes from Porsche dealers in your geographic area is something that we feel is necessary to populate an irrefutable diminished value report.

The independent appraisers that use formulas and algorithms arrive at numbers that don’t accurately represent the Porsche used car market. As for the independent appraisers that use automobile auction results, insurers will argue that they are too generic to apply to your particular car and the damages that were repaired.

The St. Lucie Appraisal Company has gained more than our share of diminished value and loss of use requests from Porsche owners due chiefly to word of mouth. It has been not only Porsche owners but also the certified Porsche repair shop managers who have sent their customers, friends and families to us.

Finally, with regard to Loss of Use claims, it costs $250 per day to rent an automobile such as the Porsche Panamera from Hertz Dream Cars and other high end vendors. Why do insurance companies feel that they can get away with offering lower-priced replacement vehicles to Porsche owners? It is common knowledge that a wrecked Porsche can take up to 60 days to repair. A typical Loss of Use appraisal for a Porsche owner whose car is laid up for two months is in excess of $10,000.00 which includes the Daily Collision Damage Waiver. Of special note: It is not necessary to actually rent a car in order to receive compensation for Loss of Use.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

Click on the payment button above to pay by Credit Card or Paypal. 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.

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

Service throughout Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, 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, Wisconsin and Wyoming

This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.

AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.
READ MORE ARTICLES…

LOSS OF USE CLAIMS IN LUXURY CARS

November 12, 2023November 3, 2023 by stlucieappraisal

How to Claim Loss of Use

Owners of high end cars such as the Porsche Panamera pictured, a Ferrari, Mercedes-Benz, BMW, Tesla or SUVs such as the Cadillac Escalade are just as prone to accidents as the rest of us. Luxury vehicles like these also tend to spend more time in body shops when undergoing collision repairs. Down times of 60 days or more aren’t uncommon because virtually all expensive cars are built with more sophisticated electronics, custom paint, have more extensive trim and require more expertise and attention to detail in order to restore them to their pre-accident condition. Insurance companies are required to pay for these expensive repairs but unfortunately, many of them do not feel that their obligation extends to the substitute rental cars provided to the owners of these vehicles. Loss of Use claims in luxury cars can wind up costing almost as much as the diminished values or the repairs themselves but it is here that insurers often feel that they can shortchange their policyholders and claimants by providing lesser replacement vehicles in order to hold down costs. The St. Lucie Appraisal Company provides Loss of Use reports in all 50 states.

Loss of Use is the inability to use an automobile due to damage caused by the negligence or other wrongdoing of another. It can also be defined as the damage a person suffers from the inconvenience of not having their car after it has been in an accident. The owner of the vehicle has a right to be compensated for Loss of Use.

Where property has a reasonable value, its owner is entitled to recover damages equivalent to the reasonable value of such use during the period he or she has been deprived thereof. Loosely translated, it is unreasonable to require a policyholder or claimant to rent a car worth substantially less, or one that cannot provide the same function than the car being repaired.

Insurers are advised to follow requirements and guidelines with regard to providing substantially similar replacement vehicles to eligible policyholders and claimants. Failure to act accordingly is cause for the vehicle owner to cite appropriate unfair claim settlement practice laws in a complaint, even if the state has no statutory restrictions on settlement verbiage.

Finally, most luxury car owners aren’t aware of the fact that a replacement vehicle need not be rented at all in order to make a Loss of Use claim.

After making your $225.00 payment, please email the dates that you were without the use of your motor vehicle to contact@stlucieappraisal.net

This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.
AUTODIMINISHEDVALUE.COM, AUTOLOSSOFUSE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.

Mercedes-Benz New Car Diminished Value and Loss of Use Claims

November 12, 2023November 3, 2023 by stlucieappraisal

St. Lucie Automobile and Diminished Value Appraiser

When buyers of new but previously repaired Mercedes-Benzes become aware of a repair history showing that the car underwent prior repairs, most of them simply walk away. How is a buyer to know whether the car was repaired properly? The buying public could depend on a new dealer’s word on everything but, in reality, they don’t. They will seek a lower purchase price for the car. As a Mercedes-Benz dealer, are you entitled to recover this lost value? The answer is yes as long as the damages were as a result of someone else’s negligence. Parking lot mishaps, careless car transporters and loaner accidents all can result in repairs to your new car inventory. The St. Lucie Appraisal Company prepares expert new car diminished value appraisals every day and invite you to become our next satisfied client.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

Insurance company claim adjusters can instantly recognize which independent appraisals will stand up in court and treat claimants accordingly when it comes to offering fair settlements. We are rarely called upon to appear as expert witnesses in legal proceedings because our clients generally receive fair settlements which means fewer civil actions. Mercedes-Benz diminished value and loss of use claims should be easily settled if appraisals are prepared correctly.

Auto Diminished Value in new cars is a fairly new concept that most dealers don’t know about so feel free to call or email us with questions.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

ACURA DIMINISHED VALUE AND LOSS OF USE CLAIMS

November 12, 2023November 2, 2023 by stlucieappraisal

There is a new phenomenon in the automotive world and it is called Diminished Value. For those who haven’t heard this term, it means the loss in value a vehicle experiences after undergoing collision repairs. The Acura, being a car that attracts more discriminating buyers, suffers a great deal more diminished value than an ordinary car. Used car buyers simply won’t pay as much for a previously wrecked car so dealers, in turn, have to offer less come trade-in time. Acura owners are typically upscale folks who expect a first-class level of service. Those expectations extend to the treatment they receive from insurance companies after their cars are wrecked by the negligence of others. Seeking fair compensation for diminished value and loss of use is part of it. You need an expert appraiser. At The St. Lucie Appraisal Company, Acura Diminished Value and Loss of Use claims are our specialty.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

Our methodology for preparing automobile diminished value appraisals is unique within the industry because we don’t rely on formulas, algorithms, auto auction results or other short cuts to determine the amount of value lost after collision repairs. Each situation is unique and the only way to provide tailor-made reports is to query the people who actually do the buying and selling of these bad Carfax vehicles – new car dealers. It is important, of course, that the dealers who participate in our surveys know full well that the subject vehicles are not for sale or available for trade. This prevents insurance companies from alleging collusion or vested interest. This approach has made our company the best at what we do – Diminished Value and Loss of Use appraisals. Magistrates and mediators alike have recognized the validity of our reports because they are comprehensive and they aren’t complicated.

Insurance Company defense attorneys can instantly recognize which independent appraisals will stand up in court and advise their adjusters accordingly when it comes to offering fair settlements. We are rarely called upon to appear as expert witnesses in legal proceedings because our customers generally receive fair settlements that preclude taking civil actions. Acura diminished value and loss of use claims should present no problems if appraisals are prepared correctly.

So where does this leave the Acura owner when it comes to receiving fair compensation for Diminished Value and Loss of Use? The independent appraisers that use formulas and algorithms arrive at numbers that don’t remotely represent the Acura used car market. As for the independent appraisers that use automobile auction results, they are completely out of luck since so few high-end Acuras are put up for auction.

The St. Lucie Appraisal Company has gained more than our share of diminished value and loss of use requests from Acura owners due chiefly to word of mouth. It has been not only Acura owners but also the certified Acura repair shop managers who have sent their customers, friends and families to us.

Finally, with regard to Loss of Use claims, it costs up to $500 per day to rent a Dream Car such as the Acura NSX from one of the Hertz locations in California. Anywhere else in the US, you can rent a late model Acura or comparable car for $125.00 per day. Why do insurance companies feel that they can get away with offering lower-priced replacement vehicles to Acura owners? It is common knowledge that a wrecked Acura can take up to 60 days to repair. A typical Loss of Use report for an Acura owner whose car is laid up for two months is in excess of $7,500.00. Of special note: It is not necessary to actually rent a car in order to receive compensation for Loss of Use.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

Service throughout 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, Wisconsin and Wyoming

This is an Open Education resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company
READ MORE ARTICLES…

BMW Diminished Value and Loss of Use Claims

November 12, 2023November 1, 2023 by stlucieappraisal

There is a new phenomenon in the automotive world and it is called Diminished Value. For those who haven’t heard this term, it means the loss in value a vehicle experiences after undergoing collision repairs. BMW models that attract more discriminating buyers, suffer a great deal more diminished value than an ordinary car. Used car buyers simply won’t pay as much for a previously wrecked car so dealers, in turn, have to offer less come trade-in time. New and late model car owners expect a first-class level of service. Those expectations extend to the treatment they receive from insurance companies after their cars are wrecked by the negligence of others. Seeking fair compensation for diminished value and loss of use is part of it. You need an expert appraiser. At The St. Lucie Appraisal Company, BMW Diminished Value and Loss of Use claims are our specialty.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

Our methodology for preparing automobile diminished value appraisals is unique within the industry because we don’t rely on formulas, algorithms, auto auction results or other short cuts to determine the amount of value lost after collision repairs. Each situation is unique and the only way to provide tailor-made reports is to query the people who actually do the buying and selling of these bad Carfax vehicles – new car dealers. It is important, of course, that the dealers who participate in our surveys know full well that the subject vehicles are not for sale or available for trade. This prevents insurance companies from alleging collusion or vested interest. This approach has made our company the best at what we do – Diminished Value and Loss of Use appraisals. Magistrates and mediators alike have recognized the validity of our reports because they are comprehensive and they aren’t complicated.

Insurance Company defense attorneys can instantly recognize which independent appraisals will stand up in court and advise their adjusters accordingly when it comes to offering fair settlements. We are rarely called upon to appear as expert witnesses in legal proceedings because our customers generally receive fair settlements that preclude taking civil actions. BMW diminished value and loss of use claims should present no problems if appraisals are prepared correctly.

So where does this leave the BMW owner when it comes to receiving fair compensation for Diminished Value and Loss of Use? The independent appraisers that use formulas and algorithms arrive at numbers that don’t remotely represent the BMW used car market. As for the independent appraisers that use automobile auction results, they are completely out of luck since so few late-model high-end BMWs are put up for auction.

The St. Lucie Appraisal Company has gained more than our share of diminished value and loss of use requests from BMW owners due chiefly to word of mouth. It has been not only BMW owners but also the certified BMW repair shop managers who have sent their customers, friends and families to us.

Finally, with regard to Loss of Use claims, it costs up to $250 per day to rent a Dream Car such as the BMW i8 from one of the Hertz locations in California. Anywhere else in the US, a late model high-end BMW or comparable car can cost $125.00 per day on a long-term basis. Why do insurance companies feel that they can get away with offering lower-priced replacement vehicles to BMW owners? It is common knowledge that a wrecked high-end BMW can take up to 60 days to repair. A typical Loss of Use report for a BMW owner whose car is laid up for two months is in excess of $7,500.00. Of special note: It is not necessary to actually rent a car in order to receive compensation for Loss of Use.

All BMWs will lose value after collision repairs. Diminished Value can result in as much as 50% of the vehicle’s value lost, especially if frame damage or air bag deployment was involved. While “the older the car, the less it will suffer diminished value” is true, that statement can be misleading. While a 2008 BMW with a bad Carfax will lose less in value, percentage-wise, than a newer model, older cars can still be worth thousands of dollars less after accident repairs.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.

AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.
READ MORE ARTICLES…

CADILLAC DIMINISHED VALUE AND LOSS OF USE CLAIMS

November 12, 2023November 1, 2023 by stlucieappraisal

There is a new phenomenon in the automotive world and it is called Diminished Value. For those who haven’t heard this term, it means the loss in value a vehicle experiences after undergoing collision repairs. The Cadillac, being a car that attracts more discriminating buyers, suffers a great deal more diminished value than an ordinary car. Used car buyers simply won’t pay as much for a previously wrecked car so dealers, in turn, have to offer less come trade-in time. Cadillac owners are typically upscale folks who expect a first-class level of service. Those expectations extend to the treatment they receive from insurance companies after their cars are wrecked by the negligence of others. Seeking fair compensation for diminished value and loss of use is part of it. You need an expert appraiser. At The St. Lucie Appraisal Company, Cadillac Diminished Value and Loss of Use claims are our specialty.

How to Determine Cadillac Diminished Value and Loss of Use

Our methodology for preparing automobile diminished value appraisals is unique within the industry because we don’t rely on formulas, algorithms, auto auction results or other short cuts to determine the amount of value lost after collision repairs. Each situation is unique and the only way to provide tailor-made reports is to query the people who actually do the buying and selling of these bad Carfax vehicles – Cadillac dealers. It is important, of course, that the dealers who participate in our surveys know full well that the subject vehicles are not for sale or available for trade. This prevents insurance companies from alleging collusion or vested interest. This approach has made our company the best at what we do – Diminished Value and Loss of Use appraisals. Magistrates and mediators alike have recognized the validity of our reports because they are both comprehensive and uncomplicated.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

Insurance Company defense attorneys can instantly recognize which independent appraisals will stand up in court and advise their adjusters accordingly when it comes to offering fair settlements. We are rarely called upon to appear as expert witnesses in legal proceedings because our customers generally receive fair settlements that preclude taking civil actions. Cadillac diminished value and loss of use claims should present no problems if appraisals are prepared correctly.

When we receive an assignment to prepare a diminished value appraisal for a Cadillac, there is a nationwide network of dealers from whom we can obtain opinions. Obtaining six verifiable quotes from Cadillac dealers in your geographic area is something that we feel is necessary to populate an irrefutable diminished value report.

The independent appraisers that use formulas and algorithms arrive at numbers that don’t accurately represent the Cadillac used car market. As for the independent appraisers that use automobile auction results, insurers will argue that they are too generic to apply to your particular car and the damages that were repaired.

The St. Lucie Appraisal Company, despite being a small fish in the big pond of independent automobile diminished value appraisers, has gained more than our share of diminished value and loss of use requests from Cadillac owners due chiefly to word of mouth. It has been not only Cadillac owners but also the certified Cadillac repair shop managers who have sent their customers, friends and families to us.

Finally, with regard to Loss of Use claims, it costs $200 per day to rent an autombile such as the Cadillac Escalade from Hertz Dream Cars and other high-end vendors. Insurance companies feel that they can get away with offering lower-priced replacement vehicles to Cadillac owners. It is common knowledge that a wrecked Cadillac can take up to 60 days to repair. A typical Loss of Use appraisal for a Cadillac owner whose car is laid up for two months is in excess of $10,000.00 which includes the Daily Collision Damage Waiver. Of special note: It is not necessary to actually rent a car in order to receive compensation for Loss of Use.

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

CHEVROLET DIMINISHED VALUE AND LOSS OF USE CLAIMS

November 12, 2023October 22, 2023 by stlucieappraisal

There is a new phenomenon in the automotive world and it is called Diminished Value. For those who haven’t heard this term, it means the loss in value a vehicle experiences after undergoing collision repairs. Chevrolet models that attract more discriminating buyers, suffer a great deal more diminished value than an ordinary car. Used car buyers simply won’t pay as much for a previously wrecked car so dealers, in turn, have to offer less come trade-in time. New and late model car owners expect a first-class level of service. Those expectations extend to the treatment they receive from insurance companies after their cars are wrecked by the negligence of others. Seeking fair compensation for diminished value and loss of use is part of it. You need an expert appraiser. At The St. Lucie Appraisal Company, Chevrolet Diminished Value and Loss of Use claims are our specialty.

Our methodology for preparing automobile diminished value appraisals is unique within the industry because we don’t rely on formulas, algorithms, auto auction results or other short cuts to determine the amount of value lost after collision repairs. Each situation is unique and the only way to provide tailor-made reports is to query the people who actually do the buying and selling of these bad Carfax vehicles – new car dealers. It is important, of course, that the dealers who participate in our surveys know full well that the subject vehicles are not for sale or available for trade. This prevents insurance companies from alleging collusion or vested interest. This approach has made our company the best at what we do – Diminished Value and Loss of Use appraisals. Magistrates and mediators alike have recognized the validity of our reports because they are comprehensive and they aren’t complicated.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

Insurance Company defense attorneys can instantly recognize which independent appraisals will stand up in court and advise their adjusters accordingly when it comes to offering fair settlements. We are rarely called upon to appear as expert witnesses in legal proceedings because our customers generally receive fair settlements that preclude taking civil actions. Chevrolet diminished value and loss of use claims should present no problems if appraisals are prepared correctly.

So where does this leave the Chevrolet owner when it comes to receiving fair compensation for Diminished Value and Loss of Use? The independent appraisers that use formulas and algorithms arrive at numbers that don’t remotely represent the Chevrolet used car market. As for the independent appraisers that use automobile auction results, they are completely out of luck since so few high-end Chevrolets are put up for auction.

The St. Lucie Appraisal Company has gained more than our share of diminished value and loss of use requests from Chevrolet owners due chiefly to word of mouth. It has been not only Chevrolet owners but also the certified Chevrolet collision repair shop managers who have sent their customers, friends and families to us.

Finally, with regard to Loss of Use claims, it costs up to $250 per day to rent a Dream Car such as the Chevrolet Corvette Convertible. A late model high-end Chevrolet or comparable car can cost $125.00 per day. Why do insurance companies feel that they can get away with offering lower-priced replacement vehicles to Chevrolet owners? It is common knowledge that a wrecked high-end Chevrolet can take up to 60 days to repair. A typical Loss of Use report for an Chevrolet owner whose car is laid up for two months is in excess of $7,500.00. Of special note: It is not necessary to actually rent a car in order to receive compensation for Loss of Use.

Current Chevrolet models include the Camaro, Colorado, Corvette, Cruze, Equinox, Express, Impala, Malibu, Silverado, Sonic, Spark, the new for 2016 SS, Suburban, Tahoe, Traverse, Trax and Volt. All of these Chevrolets will lose value after collision repairs. Diminished Value can result in as much as 50% of the vehicle’s value lost, especially if structural damage or air bag deployment was involved. While “the older the car, the less it will suffer diminished value” is true, that statement can be misleading. While a 2008 Chevrolet with a bad Carfax will lose less in value, percentage-wise, than a newer model, older cars can still be worth thousands of dollars less after accident repairs.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.

ALFA-ROMEO DIMINISHED VALUE AND LOSS OF USE CLAIMS

November 12, 2023October 22, 2023 by stlucieappraisal

There is a new phenomenon in the automotive world and it is called Diminished Value. For those who haven’t heard this term, it means the loss in value a vehicle experiences after undergoing collision repairs. The Alfa-Romeo, being a car that attracts more discriminating buyers, suffers a great deal more diminished value than an ordinary car. Used car buyers simply won’t pay as much for a previously wrecked car so dealers, in turn, have to offer less come trade-in time. Alfa-Romeo owners are typically upscale folks who expect a first-class level of service. Those expectations extend to the treatment they receive from insurance companies after their cars are wrecked by the negligence of others. Seeking fair compensation for diminished value and loss of use is part of it. You need an expert appraiser. At The St. Lucie Appraisal Company, Alfa-Romeo Diminished Value and Loss of Use claims are our specialty.

Insurance Company defense attorneys can instantly recognize which independent appraisals will stand up in court and advise their adjusters accordingly when it comes to offering fair settlements. We are rarely called upon to appear as expert witnesses in legal proceedings because our customers generally receive fair settlements that preclude taking civil actions. Alfa-Romeo diminished value and loss of use claims should present no problems if appraisals are prepared correctly.

Getting back to Alfa-Romeo and the difficulty obtaining proper diminished value information for the owners of these cars. When we receive an assignment to prepare a diminished value appraisal for a BMW, Mercedes-Benz or Porsche, there is a nationwide network of dealers from whom we can obtain opinions. Not so with Alfa-Romeo. Dealers are few and far between. Therefore, obtaining the six verifiable quotes from Alfa-Romeo dealers that we feel are necessary to populate an irrefutable diminished value report is difficult.

ALFA-ROMEO DIMINISHED VALUE AND LOSS OF USE CLAIMS

So where does this leave the Alfa-Romeo owner when it comes to receiving fair compensation for Diminished Value and Loss of Use? The independent appraisers that use formulas and algorithms arrive at numbers that don’t remotely represent the Alfa-Romeo used car market. As for the independent appraisers that use automobile auction results, they are completely out of luck since so few Alfa-Romeos are put up for auction.

The St. Lucie Appraisal Company, despite being a small fish in the big pond of independent automobile diminished value appraisers, has gained the lion’s share of diminished value and loss of use requests from Alfa-Romeo owners due chiefly to word of mouth. It has been not only Alfa-Romeo owners but also the certified Alfa-Romeo repair shop managers who have sent their customers, friends and families to us.

Finally, with regard to Loss of Use claims, it costs $500 per day to rent a Dream Car such as the Tesla S from one of the Hertz locations in California. Anywhere else in the US, you can rent a marginally comparable car, a Porsche Panamera for $350 per day. Why do insurance companies feel that they can get away with offering lower-priced replacement vehicles to Alfa-Romeo owners? It is common knowledge that a wrecked Alfa-Romeo can take up to 60 days to repair. A typical Loss of Use report for a Alfa-Romeo owner whose car is laid up for two months is in excess of $25,000.00 which includes the Daily Collision Damage Waiver. Of special note: It is not necessary to actually rent a car in order to receive compensation for Loss of Use.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

The fee for an Automobile Diminished Value Report is $350.00. Tesla and other exotic car owners please call for rates. You may also make your Credit Card Payment by telephone, call 772-359-4300.

After making your secure payment please email the completed body shop estimate or insurance company damage appraisal to contact@stlucieappraisal.net

GETTING A TRUCK OR HEAVY EQUIPMENT APPRAISAL

May 14, 2023February 3, 2023 by stlucieappraisal

The St. Lucie Appraisal Company, Automobile Appraisers in all 50 States 772-359-4300 contact@stlucieappraisal.net

Getting a truck or heavy equipment appraisal for financing, insurance or a charitable donation qualifies as a necessity when requirements dictate. In addition to accuracy, an appraiser who prepares a valuation report for heavy equipment should strive to present professional-looking documents that will impress a bank, insurance company or the IRS as being valid. There are other reasons that appraisals may be necessary such as in matters involving estates, bankruptcy, purchase & sale, damage claims or equitable distribution.

Appraising and donating a truck or heavy equipment to charity is both worthwhile and financially beneficial to you. A truck can enhance many lives through the service it provides. The tax deduction that is enjoyed by the donor is, of course, another good reason for considering such a gift. The St. Lucie Appraisal Company provides fair market valuation appraisals in all 50 states for many useful purposes such as estate dissolution, equitable distribution, damage claims, total loss disputes, loss of use claims as well as for donations. Knowledge of trucks and heavy equipment is one key requirement but another essential necessity that an appraiser of RVs needs a database of past sales of comparable items. Whether the appraisal is going to the IRS, an insurance company or a magistrate, it must be documented by sources for the information contained therein. In the case of a tax deductible donation in excess of $5,000.00, you must have a written appraisal in which the appraiser will complete an IRS Form 8283 for you.

Hire an Experienced Truck and Heavy Equipment Appraiser

Due to changes in IRS reporting requirements, a truck or piece of construction equipment can no longer be appraised by the dealer where it was purchased unless the item will be donated within two months of when it was acquired. If the vehicle is worth less than $5000.00, then you usually don’t need to hire an appraiser to value it for you. Like most automobiles, trucks can be evaluated by year, make, model and condition. Other factors that should be considered are whether vehicles have been upgraded or customized.

Insuring a Truck, trailer or heavy construction vehicle is usually a straightforward process unless upgrades or custom work was done. Claims, however, are a different story. Obtaining a fair settlement for a wrecked, stolen or total loss truck can be a nightmare because insurance companies are far less accommodating paying claims then they are in collecting premiums. An appraisal based on real world comparables is a necessity in these cases.

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Obtaining financing from a bank or credit union for the purchase of trucks and heavy equipment often requires the borrower to have it appraised. These vehicles depreciate over time so lenders are careful about financing used trucks and construction equipment. The Black Book and NADA truck evaluation guides don’t address upgrades and customization. Many trucks have been refurbished to a degree that will extend their lifespans by many years. Banks and credit unions, when searching through their guide books can’t help but fail to realize these and decline to offer adequate loans. Hiring a licensed appraiser is a means to obtaining the necessary financing.

The St. Lucie Appraisal Company has provided valuation appraisals for trucks and heavy equipment since 1981. We are licensed appraisers and provide service in all 50 states. The cost of a fair market value appraisal depends upon the research necessary to make an accurate determination. However, with the extensive database of past sales at our disposal, we can most often provide an appraisal of a trucks and heavy equipment for $375.00.

The St. Lucie Appraisal Company
Service in all 50 States
Phone: (772) 359-4300
Email: contact@stlucieappraisal.net