Real World Auto Diminished Value
It is the curse of car owners in all 50 states – your car gets hit by an irresponsible driver and undergoes collision repairs. Your body shop did a good job but when you go to sell or trade it, a new reality sets in. Your vehicle has suffered Inherent Diminished Value. A car or […]
TOTAL LOSSES AND THE APPRAISAL CLAUSE
Disputes over the values of automobiles and trucks involved in total loss claims are common. There are three points of view to consider – the car owner’s opinion, the insurance company’s opinion and the findings of an umpire who is hired when an impasse occurs. Resolution of total loss disputes by invoking what is known […]