What is Fair Market Value?
Fair Market Vaule is a term used by insurances to define the worth of your vehicle the day of the car accident. If you had to sell your vehicle the day before the car accident, how much would a willing buyer pay you for your vehicle? This is the fair market value. An appraisal will be performed on your vehicle to tell you what the insurance believes your vehicle to be worth. Most people do not agree to this figure, which may be the reason you are here. Disproving this value given to the insurance by a company specializing in gathering data to prove your vehicle is worth less that what it is actualy worth can be complicated if you do not know what to look for. After all, you aren't a lisenced appraiser.
If you can prove your vehicle is worth more than what the insurance says is the fair market value of your vehicle, the insurance will have to give you more for your car accident claim settlement.
Related searches:
