Home / Total Loss Articles / Services / Loss of Use Calculator

Loss of Use Calculator

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?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 the at fault carrier our Loss of Use valuation report and ask for compensation.

It is very important to demand a vehicle EQUAL to yours from the beginning, if one is not available, make sure you make a point of indicating your dissatisfaction and inform the adjuster of your intent to pursue a loss-of-use.

Subscribe to Our Newsletter

Access, first-hand, our main posts directly in your email.

Appraiser Blog

Related Posts

Total Loss Appraisers Guide

DOWNLOAD NOW The Guide to Total Loss Appraisers! PDF This guide will walk you through the process of choosing reliable total loss appraisers, offering expert insights, historical context, and unique tips that will put your mind at ease. Facing the reality of a total loss vehicle is stressful enough without

Read More >
Two Cars in a Severe Collision Depicting Car Total Loss

Car Total Loss Exposed: What You Must Know

Facing a car total loss situation can be daunting and confusing, especially when you don’t know where to start. When your vehicle is declared a total loss, it’s not just about dealing with the immediate aftermath but understanding the entire process. This article delves into the hidden truths about car

Read More >
Toyota Logo - The Top Brand in the 12 Biggest Car Companies of 2023

Top 12 Biggest Car Companies | 2023

Curious about the top players in the automotive industry? This article dives into the 12 biggest car companies of the year, highlighting what makes them stand out. The year 2023 has seen remarkable performances from several car companies. Join us as we explore the giants shaping the future of automobiles.

Read More >