Appraisal FAQs
Lets face it, we have become a virtual world. If a task can be accomplished virtually, it saves time and money for you the customer. The Insurance Companies have been utilizing Virtual Claims Adjusting for years. We here at CFL Auto Appraise feel we can provide you the customer with a complete & comprehensive analysis of of the vehicle and situation you are in need of satisfying by simply answering a couple of questions, filling out an online form, uploading a few simple pictures and sending it off to our team to be researched, analyzed and assembled into a comprehensive format that is easy to understand.
Most reports are delivered back within 36-72 hours after payment has been made and all required info is supplied. Any delay in receiving photos and/or info will delay the report. Also, holidays, weekends can affect turn-around times as well.
YES! Both you and your insurance company have a right to an appraisal. It is always wise to hire your own impartial, licensed appraiser to determine the value of your loss. Your insurance company may not protect your best interests with their in-house or computerized appraisals. When you protect yourself with an independent appraisal, your insurance company is obligated to negotiate a loss settlement using both
The at-fault insurance company will pay to repair your vehicle, but after a collision, it’s less marketable than before the wreck. When you sell the vehicle, you will be forced to absorb a loss, unless you make a Diminished Value claim. For example, if your $50,000 vehicle is repaired after a major collision, it may only be worth $40,000. Is that fair to you? No! A Diminished Value claim allows you to get a settlement for the difference in market value for a pre-and-post crash vehicle. It is almost impossible for an insurance company to deny a diminished value claim to an insured claimant.
Yes. On vehicles worth more than $5,000, the IRS requires a professional appraisal to receive your tax write-off. It is still recommended for vehicles under $5,000 to prevent any unnecessary scrutiny from IRS auditors.
YES, Online Auto Appraisal, is owned and operated by a Licensed and Certified Independent Auto Appraiser/Adjuster FL License #W694344