The fact that your vehicle was involved in an accident caused by another party means you will have to deal with an insurance company. That’s not as easy as some people think. Even if you receive an offer quickly, don’t assume that it’s the best that you can hope to get. The most practical approach is to call one of the local appraisers who are known to assess car value for insurance claims Dallas TX and set up an inspection date. Here are some of the reasons why this is a good idea.
The Insurance Company is Looking Out for Itself
As friendly as the responsible party’s insurance provider may seem, the fact is that the provider is primarily interested in settling the matter for the lowest amount possible. That means whatever settlement they are offering for the claim is likely to be less than you deserve.
It’s not unusual for there to be hints that the offer is the best one that you can expect to receive. That’s not necessarily true. If you have something that is from a recognized authority and states that the car’s pre-accident value was more than the provider is claiming, there may be grounds to seek another solution.
You Want To Determine if Any Offers From the Provider are Reasonable
While the insurance provider will be primarily interested in disposing of the claim as quickly as possible while keeping the payout low, there are times when those offers are actually close to the mark. Unfortunately, you have no point of reference to determine if that’s the case. You gain that reference point by choosing to have the car appraised.
The only way to know if the offer is a good one is to arrange for a certified appraiser to evaluate the vehicle. Once you you have those results, it’s easier to consider the offer in a more objective light. If it turns out that the offer is close to the value, all is well. If not, then it will be time to negotiate.
You May Need Documentation to Negotiate a Better Offer
One of the things about appraisals is that they provide you with tangible documentation that provide the basis for the results. You know what was checked and how the appraiser arrived at the conclusions found in the document. That’s important, since you will need them if your plan is to seek one of the car value for insurance claims Dallas TX like a claim for diminished value.
The fact that you hired a certified appraiser who has an established reputation for accuracy will go a long way in ensuring your claim is taken seriously. Based on the contents and possibly the fact that you are apparently willing to pursue the matter, the insurance provider may extend an amended settlement offer. It may even be in line with what’s found in the appraisal that you had done.
Your Goal is to Sustain as Little Loss as Possible
There is no doubt that you will sustain some type of loss as the result of the accident. At the least, there is the loss in value between what the car was worth prior to the accident and the market value after the repairs are made. If the car is totaled, then you certainly want enough compensation to replace the car with one that is of similar age and quality.
If you have your own appraisal done, it’s more likely that you will be able to keep the loss as low as possible. That in turn allows you to get things back on track and put the unfortunate event behind you.
Don’t assume that the initial offer from the insurance company is the best that you can hope to receive. Have your car appraised and put the results to good use. In the long run, you’ll be glad that you did.