After a car accident, victims are often confused as to how to hire reliable car appraisal services before going to file for an insurance claim. Here are some of the purposes and processes of car appraisal services.
The Purpose of Car Appraisal Services
The purpose of an appraisal is to get an estimated value of a vehicle. When the insured file for an insurance claim, the insurance company may find it difficult to determine how much it will cost to repair the car after an accident. Sometimes, the cost of the repairs may be higher than the total worth of the car. In such a case, the insurance company will pay the amount estimated by the appraiser. Car appraisal service is indeed useful for both the insured and the insurance company.
The Process of Car Appraisal Services
The first step in the appraisal process after an accident is reporting the accident to the insurance company. After that, the insurance company will send their claim adjusters to the scene where the accident occurred. The claim adjusters will travel to the accident scene to appraise the vehicle and ask you some questions. They will interview you to determine the circumstances of the accident before taking a look at the vehicle itself.
The appraiser will determine the extent of the damages and the overall condition of the car. They have specific criteria to follow in order to determine how much the coverage will cost. They also know the standard to apply during the car appraisal. The car appraisal process is a very important procedure because the amount of coverage under your car insurance policy that you will receive for the car’s repairs is based on it. There are three (3) things you should know about a car appraisal.
- If your car is damaged beyond repair or the cost of repair is higher than the worst of the car, the agent may write the car off as a total loss. Or you may be offered a certain amount of money as compensation for your loss. The best thing is to accept whatever payment is offered to you by the insurer instead of trying to salvage the car yourself.
- By law, your insurance company should offer a fair price for the claim. Being present during the appraisal process will enable you to get a fair price for your vehicle. On the other hand, if you are offered a price below your expectation, you might increase your payment by sharing with your appraisal agent any improvements you have made on the car and their respective receipts.
- Finally, your car insurance policy may allow you to have an independent agent appraise your car. This option may allow you to get a result and a fair price. Find out from your insurer if the insurance policy makes provision for a third-party appraiser.
These three tips will help you get a smooth and appropriate claim for your car.