Total Loss Demand Letter

Total Loss Blog
TOTAL LOSS DEMAND LETTER   [your  info including address] [caption id="attachment_554" align="alignright" width="235"] Total-Loss-Demand-Letter[/caption]   [date]   [insurance co. info including name of adjuster handling claim and address]   Claim number: _________________ Loss date: ________________   Dear Adjuster, With regards to the insurance claim referenced above, please accept this letter and the documentation attached as my total loss payout request. In accordance with my rights to be brought back whole and as proof of my loss I submit the enclosed appraisal report completed by Tony Rached an independent, licensed and professional appraiser. His report indicates my vehicle’s market value to be $-----. I hereby demand to be fully indemnified for this loss, and as such, please remit payment for $---- within 7 days of receipt of this notice as well…
Read More
Sample Valuation Report – JD Power Mitchell

Sample Valuation Report – JD Power Mitchell

Total Loss Blog
JDPOWER MITCHELL VEHICLE VALUATION REPORT From their website: Total Loss Vehicle Valuation Software Total loss valuation system that generates fair, market-driven values for loss vehicles Total Loss claims are among the most challenging claims to settle. Our Total Loss methodology is based on real-world values, providing the transparent market value drawn from sold and available vehicle information. Mitchell WorkCenter™ Total Loss includes vehicle options and other value adjustments to determine reliable vehicle valuations. MITCHELL VEHICLE VALUATION REPORT (pdf) [gallery columns="1" size="medium" link="file" ids="504,503,502,501,500,499,498,496"]
Read More
Sample Vehicle Valuation Report – CCC

Sample Vehicle Valuation Report – CCC

Services, Total Loss Blog
Below is a sample vehicle valuation report issued by CCC. This total loss analysis is usually not a true reflection of your vehicle's actual cash value. To challenge the carrier's report, you must provide one of your own. Order a claim review today and find out if the insurer's offer is truly fair. SAMPLE-TOTAL-LOSS-CCC-REPORT [gallery link="file" columns="1" size="large" ids="463,462,461,460,459,458,457,456,455,454,453,452,451,450,449,448,447"]  
Read More
Total Loss Field Appraisals

Total Loss Field Appraisals

Services, Total Loss Blog
Total Loss in-person inspections are only offered in Georgia, North Carolina and parts of South Carolina. The cost of this field appraisal is $275. Please call us at 1-877-667-2326 to schedule an inspection. If you order a desk appraisal and require an inspection at a later date, you can pay us the difference at the time of inspection. Why do you need a total loss field inspection? The insurance company asked for one You are disputing the condition stated in the carrier’r report You have a high end or a custom vehicle The Vehicle is not as described You are going to trial [gravityform id="8" title="true" description="true"]
Read More
Georgia Code 120-2-52-.06

Georgia Code 120-2-52-.06

Total Loss Blog
Total Loss Vehicle Claims Georgia Code 120-2-52-.06 If the insurer determines the insured vehicle to be a total loss, and the insurance policy provides for the adjustment and settlement of first party vehicle claims on the basis of actual cash value or replacement, the insurer may elect to pay a cash equivalent settlement or replace the insured vehicle. The insurer shall use one of the following methods: (a) Cash Equivalent Method. The insurer may elect to pay a cash equivalent settlement based upon the actual cost less any deductible provided in the policy, to purchase a comparable automobile by the same manufacturer, same model year, with similar body style, similar options and mileage, including all applicable taxes, license fees and other fees incident to the transfer of ownership of a comparable automobile. The amount payable on taxes, license fees, and…
Read More
Auto Flood Claims

Auto Flood Claims

Services, Total Loss Blog
Total Loss Claims for Flooded Vehicles. Was your vehicle in a flood or water damage? Do you know what you should do if your car is flooded? Is your insurance company fairly compensating you for your vehicle’s value? Every year thousands of vehicles are totaled due to flood, and with a busy hurricane season ( super storm – Hurricane Sandy), many vehicle owners are finding themselves in a situation where they need to buy a new car. But is the insurance company paying you enough for your flooded car? Most insurance policies have an appraisal clause in them. The appraisal clause states the following: If we and you do not agree on the amount of loss, either may demand an appraisal of the loss. In this event, each party will select a…
Read More

Loss of Use Calculator

Services, Total Loss Blog
Did you get a rental that's lower in value than your damaged vehicle? Collect the difference between what your car's daily use is worth and the rental car. What is the Loss of Use Calculator? Our loss of use valuation tool helps you recover the full amount of your claim by comparing the rental rate between the vehicle provided to you as a replacement and the actual usage value of your vehicle. Example: Damaged Vehicle: 2013 Volvo XC60 with premium and technology package, Original MSRP $43,000, rental rate $75 per day Rental Vehicle: 2013 Ford Escape with cloth seats. Original MSRP $24,000, rental rate $30 per day Rental Period: 20 days Loss of Use: ($75-$30) X 20 = $900 In this case, after your car is repaired you would send…
Read More
Charity Appraisals

Charity Appraisals

Services, Total Loss Blog
Donating a vehicle that's worth more than $5,000. Get a qualified IRS appraisal today.   By donating a vehicle to a charity, individuals can deduct the car’s fair market value from their taxable income. If the claimed deduction for a vehicle is more than $5,000, the donor must submit an IRS-qualified car appraisal issued by a licensed professional. In addition, donors must attach an appraisal summary (Section B of Form 8283) to their tax return. The appraisal must be made no more than 60 days before the vehicle is to be donated. Vehicles that are financed or that have liens cannot be donated. Car Appraisals & Claims LLC will provide donors with a comprehensive vehicle appraisal report that includes: Description and physical condition of the property Date of contribution Terms of…
Read More

Diminished Value Appraisals

Services, Total Loss Blog
Was your car involved in an accident? Collect your vehicle's reduction in value. Visit the Diminished Value Bureau. WHAT IS DIMINISHED VALUE? If you’ve been in a car accident, your vehicle will be worth less in resale than the same model with no collision history—and it doesn’t matter how flawlessly your car was repaired. Diminished Value is the depreciated value of an automobile accelerated by an accident (collision) or an incident (fire, flood, hail). Automobiles are depreciating assets that normally decrease in value as time goes by; car accidents, on the other hand, hasten the normal rate of depreciation and lead to an immediate and quantifiable loss in value. You may be entitled to monetary compensation based on your car’s diminished value. Courts have stated that vehicles involved in an accident…
Read More