A car accident can leave you stranded without a vehicle, and when it’s your classic or custom vehicle that’s been damaged, you have the added stress of knowing that all the time and money you put into the car to restore or customize it could be gone in an instant if you don’t have the right insurance coverage. That’s why it’s a smart move to get the best car value for insurance claims Carlsbad California can offer.
If a car accident is not your fault, you can file a diminished value claim with the at-fault party’s insurance company. Diminished value is the amount of money that you wouldn’t get if you sold the car after the accident versus if you sold it before the damage occurred. With an appraisal, you can learn what your car’s value is after the accident and what it was before the accident so that you can file that claim.
When you have an appraisal done, an experienced and professional appraiser will come to you to take a close look at the vehicle. The appraiser has years of experience in the automotive field and has been specially trained to conduct appraisals.
They will take dozens of photographs and make detailed notes so that they can best determine the vehicle’s value. They then utilize an extensive database of comparable sales that takes into account the customizations and restorations that you have done. The extent of the damage and the quality of any repairs that have been done will factor into the final valuation of the vehicle.
You’ll receive a hard-bound copy of the report for your records as well as a digital copy. You’ll then be able to submit it easily to the insurance company of the at-fault party. With the diminished valued appraisal in-hand, you can get the ball rolling on the claim quickly and help it proceed as smoothly as possible.
A diminished value appraisal can also be helpful when you want to sell the vehicle. You’ll know how much you can reasonably get for the car when you put it on the market, and you can show it to potential buyers as a gesture of transparency about the state and value of the vehicle.
Give us a call when you’re ready to get the best car value for insurance claims Carlsbad California can provide. We look forward to working with you.