An appraisal clause refers to a paragraph in an insurance policy that states that if the auto body shop and the insurance company fail to agree on the repairs cost, either of the parties is allowed to ask for an appraisal.
The business of insurance companies is about protecting the cars of their customers. However, they do not have similar experience and information about car repairs with the auto body shop professionals. An insurance company can misunderstand the full damage extent or the necessary repairs.
Unfortunately, an insurance company can nudge a customer towards low quality auto body repairs while trying to save money.
If your auto insurance policy has an appraisal clause, send your auto insurance company a letter requesting for an appraisal. You will receive a letter from the insurance company if it disagrees with you in terms of the amount you want it to pay.
On receiving the letter, both the auto body shop and the insurance company should find their appraisers. The appraiser of each entity will review the case objectively on the basis of collision facts and assess the damage on the car. They will also review the quality and necessity of repairs to reach a specific amount.
Both appraisers will get a third-party appraiser in case they do not reach an agreeable amount. The third party appraiser will perform an independent appraisal and decide on the amount to be paid by the insurance.
The vehicle owner pays for their appraisal and the insurance company pays for its appraisal. If the appraisers fail to agree, the third party appraiser is paid by the vehicle owner and the insurance company.
It’s important that you take your vehicle for repair at an auto body shop whose professionals focus on ensuring that your vehicle is restored to its pre-crash condition. An ideal auto body shop will be upfront with both the insurance company and the vehicle owner in terms of the cost. It will also be ready for an appraisal if your insurance company attempts to shortchange you.
Therefore, take your vehicle to a reputable and professional auto body shop to ensure that the appraisal clause on your auto insurance won’t affect you negatively. Click Here
…
Should you purchase a new or used vehicle. The new vehicles are so expensive and not everyone can afford one. But on the other hand, used vehicles aren’t reliable. What should you do? Should you purchase the more expensive vehicle or the cheaper one? With this guide and tips, you will know if you should purchase a new or used vehicle.
The new vehicle is value for money
Yes, not everyone can afford to purchase a new vehicle. But, one thing that you should know is that when you are purchasing a new vehicle, you are going to get value for money.
The vehicle is going to be brand new, and you will not have to worry about repairing the vehicle in the near future. No worries about breakdowns or being taken for a ride with a car that isn’t worth buying. But, even if you know the benefits of a new vehicle, this isn’t something that everyone can afford.
Good, secondhand vehicles are hard to find
Finding good, secondhand vehicles is hard. And, you should not be in a hurry, if you are looking for a secondhand vehicle to purchase. There are lots of vehicles that you can purchase, but they aren’t all in a good condition. You just might buy someone else’s problem.
This is why you should be really careful when buying a secondhand car. You should wait until you find a real bargain that isn’t too expensive, but still in a good condition.
Belief the car dealer is the biggest mistake you can make
The car dealer looks honest and reliable. This is the first thing that people are saying when they bought a car that wasn’t worth it. Believing in a car dealer about the vehicle that you are looking for, you might make the biggest mistake.
Never, ever believe a car dealer. Get another person to come and look at the vehicle before you are considering purchasing the car. The car dealer is just looking for a fool that will believe everything he is saying about the vehicle to get rid of the poor-quality car.
When you can’t afford the new vehicle
When you can’t afford to pay for a new vehicle, you don’t have another choice than to purchase a secondhand car. However, you can still make sure that you are going to purchase a vehicle that is high quality that you can trust. Doing research about the vehicle, making sure that the vehicle is in good condition is essential. You don’t just want to purchase a secondhand car. You want to purchase a great bargain, but also have quality and value to the vehicle.
There are many people that are wondering if they should purchase a new or secondhand vehicle. If you can afford it, the best option is buying a new car. But, if you can’t afford a new car, you should just be careful not to purchase something that is going to cost you more money at the end of the day.
