Diminished Value Appraisal
What Questions to Ask When Getting a Diminished Value Appraisal
When you are getting a diminished value appraisal, there are some questions you want to ask the appraiser you are interviewing.
What factors are you appraising? During the diminished value appraisal, you want to make sure that the appraiser is checking every nook and cranny of the vehicle in order to get the most accurate assessment. Everything from major repairs to minor repairs can affect the value of the car.
What is your experience? You want to work with an appraiser who has extensive experience appraising cars.
After you have the diminished value appraisal, there are some questions you may want to ask when filing a claim.
What formula do you use? There are two ways to calculate diminished value so it helps to know which formula is being used.
What happens if the claim is denied? You want to work with a company that will have a high success rate in securing a payout. Before you decide who to work with, know what happens if the claim is denied.