Would you ever know that the wrecked  vehicle on the left, use to be the now repaired vehicle on the right?

SPECIALTY AUTO APPRAISERS/VALUE INVESTIGATIONS provides appraisals that determine the diminished value of a vehicle given the severity of the accident and the overall quality of repairs. The questions and answers below will give our customers a better understanding of the appraisal process and what they can expect once the appraisal is completed.

What is diminution of Value? Diminution of value represents the vehicles decrease in market value after it has suffered a collision affecting the frame (unibody/chassis), sheet metal, suspension and/or the drive train (engine or transmission). The diminished value represents the market stigma for structurally damaged vehicles even though repairs were to industry standards. That is, once the structural integrity of the vehicle has been compromised the market ees the vehicle as previously damaged goods, and is therefore unwilling to pay normal market value when given the option of purchasing a like, undamaged vehicle.

What does the appraisal entail? The appraisal process requires a visual inspection of the vehicle, a review of the final repair estimate plus any supplemental costs, a test-drive where applicable and includes a series of 35mm photographs depicting the vehicle in its post repaired condition. The inspection process takes about one-hour and a report is usually ready within 10 working days. For those vehicles that cannot be visually inspected the loss of value can be established by reviewing the original repair estimate including any and all supplements, reviewing pre-repair photos of the damaged vehicle and an interview with the owner of the vehicle regarding the nature of the collision and the resulting damage.

What do I receive in the form of an appraisal? You are provided with an appraisal, given the severity of the collision damage and the quality of the repairs, as to how much the vehicle has lost in it's retail market value after the repairs are completed, as compared to what it was worth just prior to the collision. This then is the estimated loss of market, or equity value, as a result of the collision and subsequent repairs.

What do I do with the appraisal? Typically you submit the appraisal, along with a demand letter, to the person legally responsible for the collision damage. This could be either the individual who caused the accident, an attorney if they are so represented or the representative insurance company.

Can your company assist me with this claim after the appraisal is completed? SPECIALTY AUTO APPRAISERS/VALUE INVESTIGATIONS has assisted many clients over the years including individuals, insurance companies and attorneys in settling their appraisal and diminution of value claims. If requested, we can provide expert testimony, assist you at small claims court and help you set up formal arbitration. This process will of course include additional time and expense. Feel free to ask about the cost associated with your particular situation.