A total loss vehicle is when the cost of restoration is greater than 75% of the overall vehicle value. Once your vehicle reaches this point, it makes more sense to accept it as a total loss. Your insurance company has their idea of what your car is worth, and so do you. How do you know that you are being treated fairly?
Most insurance companies use in-house software that finds the lowest valuation on local comps for your vehicle. By doing this, they are able to calculate a lower valuation that they feel is satisfactory based on the market and the condition on your vehicle. It is no surprise that an owner often feels that the valuation is not adequate.
We pull data from multiple valuation resources to determine the true value of your vehicle. Some of the resources include vAuto which provides values from Kelley Blue Book, R-Book, Black Book, MMR, NADA, and auction data in the USA. You should never accept anything less that this because you cannot walk into a dealer with trade-in cash and expect to be able to afford the same car!
Our appraisals have helped many individuals over the years to recover thousands of dollars that were going to be left on the pavement with your car accident!
