Question by Jdizzle: How to find an “Independent Auto Appraiser” with Stolen car claim?
Greetings everyone.
I had a 2003 Lincoln LS “ultimate” stolen about 3 weeks ago. My insurance claim period was only 15 days and they gave me an offer of private party KBB. First of all, is that average?
I was told from other people that their insurance companies give them full retail value on total loss claims such as stolen or totalled. They said if I didn’t like their price, (2K below full retail) they would hire an independent appraiser and I would have to hire an independent appraiser and then it would be averaged between the two. Cost is $ 150-300 which I would have to pay. How do you find an appraiser without having the actual car? Is this hassle worth the 1500-2000 I can get back?
Best answer:
Answer by fightingsaints
First off, I’m surprised that the company used KBB instead of CCC or ADP. Those are two computerized evaluation systems based on actual selling prices of vehicles from dealerships around the country. I don’t believe you can have access to the CCC or ADP databases, but I guess it wouldn’t hurt to ask. Sorry but I don’t have their contact info with me right now.
If you can’t get access to CCC or ADP I would ask your insurance company to have the report run. If need be, offer to split the cost. Your half should be less than $ 50.
I would recommend that before going through the appraisal process. I have handled claims that have gone through this process and it is not fun for the vehicle owner.
If you still need to find an appraiser I would suggest trying to locate an independent adjusting company in your area that has an auto expert on staff. You can look for one on these websites.
http://www.claims-portal.com/cdps/
http://www.claimsjournal.com/yellowpages/
http://www.cagworld.com/
http://www.claimspages.com/
Make sure to find out if the appraiser is licensed.
They owe you Actual Cash Value (ACV) which is the same as the retail selling price, not asking price.
Good Luck.
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Best answer:
Answer by hrblockerrolquinn
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