Actual Cash Value or Fair Market Value?

actual cash value or fair market value

Actual Cash Value and Fair Market Value

I’ll bet that no one has explained to you what I am about to explain . . .First of all, the terms Actual Cash Value (ACV) and/or Fair Market Value (FMV) are sorely lacking and ambiguous when it comes to actually helping to define the value of a private passenger automobile.  In fact, the formal definition in almost every source one can find leaves out the MAIN ASPECT that would make the definition useful.  The terms ACV and FMV are so ambiguous that they are totally meaningless when it comes to figuring out the value of your vehicle.

Don’t believe me, let’s break it down.  Start with familiarizing yourself with the “formal” definitions.

CLICK HERE TO FIND OUT THE DIFFERENCE

 

How Our FREE Total Loss Claim Consultation Could Make You Money!

total loss claim

True stories about how our free total loss claim consultation can make you money!

We talk to a lot of people from day to day and many times, Justin has to tell people who call the hard truth that it might not be worth spending money but sometimes, with just that one call, he can help you make decisions that could make you money in the end!  There aren’t a lot of experts out there talking about total losses so Justin decided to share his experiences with some of our clients with you good people researching about how to get your total losses settled.
READ HOW OTHER PEOPLE LIKE YOU GOT HELP

Insurance company refuses to total my vehicle but I want it totaled – what can I do?

insurance company refuses to total

What if I want to total my vehicle but the insurance company refuses to total?

Frankly, I’m surprised that I don’t get asked the title question more often, but I know why I don’t.  Simply put, it is the dogmatic way insurance adjusters explain the total loss or repair process to accident victims.

From the onset of dealing with most adjusters, the tone is set by the adjuster that what they say is how it is.  Most simply TELL people how it is.  The art of negotiation is lost and with it, common sense.  This isn’t their fault; their supervisor told them how it was when they started and as they trained.  But don’t blame the supervisor because his manager told him how it was when he started.  But don’t blame the manager. . . you see where I am going with this?  It is a mindset drilled into adjusters that THEY are the ones that decide if a vehicle is totaled or not.  They are sadly mistaken.

So, listen, it is YOUR vehicle.  YOURS.  Not theirs.  YOU decide what to do with it, not them.  Remind them of this if you disagree with them.  Ask them whose name is on the title.  After you have cleared up the issue of ownership and ultimate control over the destiny of your vehicle, then you have to implement a plan to bring the destiny to reality.

CLICK HERE TO FIND OUT WHAT YOU CAN DO!

Rental Car on Total Loss Claims in Texas

Rental Car on Total Loss Claims in Texas

rental on total loss claimsBlogs are buzzing because in the recent Texas Supreme Court Case, J&D Towing LLC v. American Alternative Insurance Corporation 2016 WL 91201 (Tex. 2016), a major wrong that has been going on since before there were even cars was righted.

READ MORE ABOUT THIS NEW DEVELOPMENT!

Get Expert Advice on your total loss with our total loss ebook!

Fight with our expert advice on your total loss!

expert advice on your total loss ebookSo the insurance company has decided to total your vehicle and they sent you a computer generated valuation report with an offer that seems WAY TOO LOW!  Unfortunately, that is the norm and not the exception when dealing with a total loss auto claim.  We have this conversation with people DAILY and have now taken the time to compile our best expert advice on your total loss in this book called “Fight For Your Total Loss!  Issues with Insurance Company Total Loss Valuation Reports” so you know how it works from the inside when negotiating your total loss offer.  Use these tools and expert advice on your total loss to get the adjuster to re-evaluate their valuation and get closer to a number that is fair.  We don’t give legal advice but we will surely shed some light on your total loss claim and how to get the best settlement after an auto accident.

Get expert advice on your total loss for the low price of $9.95 and make the most of your claim!

Find answers to these issues and information on:

  • Formal Appraisals – what constitutes a formal appraisal?

  • Biased reports – Find out how to fight against the “hired hands” at the insurance company

  • Mileage Adjustments – Argue against bogus mileage adjustments

  • Comparable vehicles – They usually aren’t “comparable”

  • List vs. Take price – What you need to know

  • Options Adjustments – How they nickel and dime you and how to play the game

  • First party / Appraisal Clause Invocation – Is your total loss claim against your own insurance company?  Rights you have in that situation are explained.

The expert advice on your total loss that we share in this ebook has proven to be successful over and over again and since our mission is to provide you with a value you can’t find anywhere else, we know teaching you these insider tips will help you get the most out of your total loss settlement and get you on your way to moving on with your life!

Remember, total losses are always a negotiation and you have to have the right arguments in your pocket to make the most out of a disaster like having your car totaled and fight until you have a check that is fair.  We’ll help you do that by sharing all the tricks of the trade so you don’t get taken advantage of when trying to get your total loss settled.

Click here to get your copy today!

Total Loss Settlement Tips

total loss settlement fightTOTAL LOSS SETTLEMENT TIPS

What should you do when you are dealing with a total loss?  We get so many questions every day from people involved in an accident where their vehicle was totaled and they are now getting a low offer from the insurance company and just don’t know what to do next.  We always tell them that it is always a negotiation and that they have to fight and prove their points with the information we are revealing below today!  We put together some total loss settlement tips to get you moving in the right direction on your auto claim.

CLICK FOR OUR BEST TOTAL LOSS TIPS

My Attorney Says They Don’t Do Property Damages?!

attorneys and property damage

When dealing with another person’s insurance company for an accident, many attorneys will simply tell clients that they do not get involved with the property damage part of the claim and that includes diminished value and total loss settlements. In fact, MOST injury attorneys practice this policy on third party cases.

Why do they say this?

Well, normally it’s because there is no way for the attorney to make any money handling the property damages AND make sure the victim gets all their property damage money. Injury attorneys normally do a favor to victims by working on a contingency (normally 1/3 of any settlement), so that means they do not get paid up front, but only when there is a settlement and payout of damages. They don’t have to do this, and an average (not super attorney or specialist) will make at least $150.00 / hour if they bill by the hour. It is a courtesy to work on a contingency, and a bet that your claim will settle at a high enough amount to make it a worthwhile pursuit.

Read more

Expert Answers – Fraud and Pre-Existing Damage Arguments

EXPERT ANSWERS – Pre-existing Damage

Question:

expert answers

My friend crashed her car in a recent storm. She immediately filed a claim, however it took an adjuster 10 days to come look at her car! By this time the car had rusted in the damage area. They deemed it a total loss. Today she is dealing with an investigation. They are trying to hassle her about the damage saying because its rusty it appears to be pre-existing damage, when in fact it’s not. What should she do and why is her own insurer treating her so poorly like she’s a criminal? Read more

What is a CCC report?

Total Loss and the CCC Report

If your vehicle has been deemed a total loss, many insurance companies will rely on a company called CCC to provide a market evaluation on the value of your vehicle to act as a settlement tool.  CCC (Certified Collateral Corporation) Information Services Inc. is a company that provides vehicle value reports to insurance companies.  They utilize their own methods and develop a value for your vehicle that is supposed to be reflective of the actual cost of a replacement vehicle in the market where your vehicle would have been sold, had it not been totaled. Read more

Our NEW DIMINISHED VALUE WEBSITE! Thanks for your support!

The NEW Petty Details Diminished Value website – http://diminishedvalueexpert.com!

We are proud to show off our hard work with the launch today of our new website (which you have obviously found if you are reading this.)

diminished value expert

We have made it a mission to make our resources easily available to provide the most people with free information about their diminished value, total loss claims and tons of other topics.

Find out:

  • How to make a diminished value demand
  • How much your diminished value claim is worth
  • If your total loss is worth fighting for
  • How much your injury might be worth
  • The small claims court process

We have compiled all of the free help we’ve given over the years here on our new website to make it easy for auto accident victims to find the answers they need to make an informed decision when dealing with their insurance claim.

We thank you for your support over the last 5 years and we are ready to give you more free information than ever to help get your diminished value and total loss claims resolved as painlessly as possible!  You won’t believe our customer service because we truly do focus on each individual claim and spend all the time it takes to answer your questions right up front to make sure you feel confident moving forward with our help.  We stay by your side throughout the process so you will never wonder who to call when you don’t know the next step.  Rely on Petty Details for the real expert help you need with your diminished value, total loss or small claims issues – our success rate is the highest because we don’t give up!

CHECK OUT OUR NEW SITE TODAY!

Browse around and let us know what you think and we can’t wait to hear your feedback!

Drop us a line!