When your car, light truck or SUV is determined to be a total loss by the insurer, it is not unusual for the insurance company to make you an initial offer much lower than the actual fair market value, of which you are entitled, in order to replace the your car.
In fact, one vehicle value source used by many insurance company to set the value of totaled vehicle has been the subject of several class action law suits as well as state insurance regulators.
There are many factors that determine the true market value of a vehicle. The vehicle’s year, make, model, color, options, mileage, condition, and geographical location, dynamic market conditions and demand are all factors that could influence a particular vehicle’s value. As expert appraisers we know how to determine your vehicle’s actual fair market value.