One of the most common questions I get comes from customers who have been negotiating for the recovery of their lost market value and get told by an adjuster that the amount of inherent diminished value they want is only an opinion. Faced with this argument, the customer wants to know what to say. A … Read More
Tesla Model S – Diminished Value On A Rare Vehicle Recently, I was asked to review the impact a collision would have on a relatively rare vehicle, the Tesla Model S. The review was challenging because the vehicle doesn’t have many of the mechanical components that a traditional internal combustion engine vehicle has. Additionally, there … Read More
If you don’t know what subrogation is, then this article isn’t for you. In this posting, I am speaking only of personal automobile subrogation recovery. A recent teleconference with some claims professionals made me think of this blog posting. Subrogation recovery is a difficult skill to master. There are two fundamental approaches to maximizing recovery. … Read More
Salvage Vehicles, Total Losses, Rebuilt / Salvage Titles & Diminished Value In every claim I have ever handled where the vehicle was a total loss and had a salvage / rebuilt title, I was instructed to deduct 50% of it’s pre-accident value to account for the salvage / rebuilt status. Also, when I was handling … Read More
IT IS COMING! ! ! Watch for the WORLDWIDE RELEASE of a comprehensive new e-book that details the industry of auto claims! If you ever wanted to know how a total loss is calculated, or what the adjuster is taught in preparation to take their license exam, or even if an adjuster has to be … Read More
Why can’t people just look up the law on their own? I cannot figure out why some people can’t help themselves. I guess that is why I exist, hehe. Really though, if you are getting calls or letters from an insurance adjuster or subrogation specialist, you would do yourself good to follow my articles on … Read More