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Heavy Equipment Appraisal
QUESTION:Apparently, insurance company repairs as well as 'total loss' claims are lowballed as a general practice. I just read an article at www.claimsreporter.com that says that you can get on average, the ~$2K difference needed to get a replacement ride (vs. trade-in)... for sure, if it was not your fault. Anyone got any experience with using a local 3rd party appraisal to get more $$ back?
ANSWER: As a auto/heavy equipment adjuster in NYS I can tell you we must use the
NADA guide or the average of local dealer and private sales averages when
settling a TL claim, of course condition and mileage are considered in the
settlement value. I do 3rd party appraisals when there is a dispute with a
claim, as an independent appraiser.
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