TOTAL LOSS APPRAISAL IN FLORIDA
- IS YOUR TOTAL LOSS OFFER TOO LOW?
Insurance company valuation reports may contain comparable vehicles that differ in mileage, equipment, condition, trim level, or market area, resulting in a value that may not accurately reflect your vehicle’s Actual Cash Value.
We independently review the insurance company’s valuation and research the current market for comparable vehicles to determine a supported Actual Cash Value based on real-world market data.
If a significant difference exists and your policy includes a Right to Appraisal provision, we can represent you through the appraisal process.
- WHAT IS THE RIGHT TO APPRAISAL?
Many auto insurance policies contain a Right to Appraisal provision that allows the policyholder to dispute the insurance company's valuation of a total loss.
When appraisal is invoked, each side selects an independent appraiser to determine the vehicle's Actual Cash Value (ACV). If the appraisers cannot agree, the policy may provide for a neutral umpire, with an agreement by any two determining the amount of loss, subject to the terms of the policy.
We represent you as your independent appraiser and support our valuation with current market data.
- HOW THE TOTAL LOSS APPRAISAL PROCESS WORKS
1. Free Preliminary Market Value Assessment
Before you hire us, we review your insurance company's valuation report to determine whether there appears to be a meaningful difference in value.
2. Independent Market Valuation
If you decide to proceed, we research comparable vehicles and evaluate mileage, options, condition and current market data to establish a supported Actual Cash Value (ACV) report.
3. Right to Appraisal
You then invoke your Right to Appraisal, and we will represent you in the valuation dispute.
4. Appraiser-to-Appraiser Resolution
We work directly with the insurance company's independent appraiser in an effort to reach an agreed Actual Cash Value for your vehicle.
5. Agreed Value & Binding Award
Once the appraisers agree on the vehicle’s Actual Cash Value, a written appraisal award is signed and submitted to the insurance company. The award is binding in accordance with the terms of the policy’s appraisal provision, and the settlement is adjusted based on the agreed Actual Cash Value.
- LOOKING FOR A TOTAL LOSS APPRAISER NEAR YOU?
Collision Safety Consultants provides independent total loss appraisal services throughout Florida, including Miami, Fort Lauderdale, Hollywood, Boca Raton, West Palm Beach, Naples, Fort Myers, Sarasota, Tampa, St. Petersburg, Orlando, Jacksonville, Tallahassee and surrounding areas.
We review insurance company total loss valuations and current market data to determine whether the settlement accurately reflects your vehicle's Actual Cash Value. If you're looking for a total loss appraiser near you, we can help.
- THINK YOUR TOTAL LOSS OFFER IS TOO LOW?
Start with a FREE Preliminary Market Value Assessment.
We'll review your insurance company's valuation report and determine whether the vehicle's market value warrants pursuing a total loss appraisal.