Overview of the Appraisal Clause in Oregon Automotive Insurance Policies
Oregon auto insurance policies incorporate an appraisal clause that may be used by policyholders if they do not believe they are receiving a fair value for their insured vehicle which is declared to be a total loss. The appraisal clause can be invoked when a dispute arises between the policyholder and the insurance company over what constitutes a fair value for the totaled vehicle.
Process for Invoking the Appraisal Clause in Oregon
When an insured car is declared to be a total loss, the policyholder may invoke the appraisal clause in Oregon in order to receive a fair settlement from their insurance provider. To do so, the policyholder must hire an Oregon-certified auto appraiser who specializes in assessing vehicles damaged beyond repair. It is important to check that the appraiser is indeed certified by Oregon state regulations before proceeding with their services. Additionally, the appraisal clause can only be invoked once per claim; therefore, it is important that all necessary repairs have been made and documented prior to invocation in order to maximize chances of being successful.
Role of Insurance Company in Appraisal Process
In addition to hiring their own independent auto appraiser who represents their interests against those of the policyholder’s appraiser, the insurance companies also play an important role throughout the entire process. Their goal will be to substantiate how much should reasonably be awarded as compensation for any losses suffered due to damage caused by accidents or thefts, which will then result in final agreement on payment amount between both parties involved.
Benefits of Choosing an Auto Appraiser Located in Oregon
The benefits of choosing an auto appraiser located within Oregon are numerous and substantial. An experienced appraiser familiar with local markets can provide expertise on pricing estimates related to parts and labor costs, as well as assess any additional conditions such as title history that might affect overall value of totaled vehicles. It is also advisable for policyholders to select appraisers that are completely independent of insurers; this helps ensure unbiased opinions free from potential vested interests or bias judgments on behalf of insurance companies.
Detailed Explanation of Value Determination Process
To determine vehicle values during disputes through appraisal process, various factors remain at play such as market data sources which give detailed information about current prices as well as comparative analysis among vehicles based on make/model/year combinations and similar models currently being sold across different dealerships within state boundaries or even outside them (if necessary).
The policyholder’s appraiser will negotiate the value with the insurance company’s appraiser and come to a conclusion as to the value of the subject vehicle. If they can not come to an agreement, then a third appraiser/umpire, will be selected by the two original appraisers and will make a decision as to the value of the vehicle.
Case Studies Illustrating Effectiveness Of Appraisal Clause In Oregon
-Progressive 2005 GMC 3500 SLT
MITCHELL VALUE: $ 17,202.93
What do you do if you disagree with your insurance company on the value of your vehicle?
You do not have to accept your insurer’s lowball offer.
If you think your insurance company is offering a lower value for your vehicle than what it’s actually worth, you don’t have to accept their offer. You can continue negotiations directly with the adjuster or if you have full coverage in Oregon and your policy includes an appraisal provision, consider hiring Leverage Auto Appraisals. They are a local Oregon-based auto appraisal company with a licensed and certified ODOT appraiser who can assess and negotiate the total loss claim with your insurer.
According to Oregon Law. The appraisal costs must be reimbursed by your insurer if the final appraised value exceeds their last offer. Leverage Auto Appraisals is a local Oregon-based auto appraisal company with a licensed Oregon auto appraiser certified by the Oregon Department of Transportation (ODOT) who will assess and negotiate the total loss claim with your insurance company.
At Leverage Auto Appraisals, we focus solely on consumers in Oregon and Washington. We have no affiliation with any insurance company and are committed to always providing objective and unbiased assessments of your vehicle’s value, then negotiating with your insurance company to obtain the real fair market value you should be paid.
Over 99 percent of our client’s services have been free on 1st policy total loss claims in Oregon for the past 13+ years. Leverage provides credible appraisals to Oregon policyholders for total loss and we also negotiate your claim free of charge on all first-party claims. (with your own insurance company).
You need LEVERAGE
We provide credible total loss appraisals and Expert Negotiation to help you get a fair settlement on your totaled or stolen car or truck.
OREGON Certified/Licensed Auto Appraiser # V34-075
Vehicles we specialize in:
Acura, Audi, Bentley, BMW, Buick, Cadillac, Chevrolet, Chrysler, Corvette, Dodge, Ferrari, Fiat, Ford, Freightliner, GMC, Honda, Hummer, Hyundai, Infiniti, International, Isuzu, Jaguar, Jeep, Kia, Lamborghini, Land Rover, Lexus, Lincoln, Maserati, Mazda, Mercedes-Benz, Mercury, Mini-Cooper, Mitsubishi, Oldsmobile, Peterbilt, Plymouth, Pontiac, Porsche, Rolls Royce, Saab, Saturn, Scion, Shelby, Subaru, Tesla, Toyota, Volkswagen, Volvo.
RV’s – American Coach, Coachmen RV, Entegra Coach, Fleetwood RV, Forest River RV, Holiday Rambler, Jayco, Monaco Coach, Newmar, Nexus RV, Thor Motor Coach, Tiffin, Winnebago
Trucks, Stolen F-350, F-250, F-250, Diesel trucks, 7.3, Duramax, Cummins, Sprinter Vans, Camper Vans, and more.
Oregon Total Loss Services:
|Aloha Oregon Total Loss
|Albany Oregon Total Loss
|Beaverton Oregon Total Loss
|Bend Oregon Total Loss
|Corvallis Oregon Total Loss
|Eugene Oregon Total Loss
|Grants Pass Oregon Total Loss
|Gresham Oregon Total Loss
|Hillsboro Oregon Total Loss
|Keizer Oregon Total Loss
|Lake Oswego Oregon Total Loss
|MCMinnville Oregon Total Loss
|Medford Oregon Total Loss
|Newberg Oregon Total Loss
|North Bend/Coos Bay Oregon Total Loss
|Oregon City Oregon Total Loss
|Portland Oregon Total Loss
|Redmond Oregon Total Loss
|Salem Oregon Total Loss
|Springfield Oregon Total Loss
|Tigard Oregon Total Loss
|Tualatin Oregon Total Loss
|West Linn Oregon Total Loss
|Wilsonville Oregon Total Loss
We don’t just write a Total Loss Fair Market Value appraisal like some companies. Our Total Loss auto appraiser will also negotiate with your insurance company’s appraiser to get a fair value for your totaled vehicle. This is included in the price of your appraisal, you won’t be upsold later on like some companies. Ken has over 38 years of negotiation experience. Licensed Auto Appraiser in Oregon
Over 11 years as an Oregon Licensed Auto Appraiser
Over 38 years experience in negotiations.
Only Works For Consumers
No conflict of interest here. We only work for consumers, not insurance companies.
In Oregon and Washington, if you feel you’ve been offered an unfair amount, you’ll normally have an appraisal clause in your policy that allows you to dispute their offer. The appraisal clause allows you to hire an independent auto appraiser to produce an appraisal and your insurance company will also have to hire an independent auto appraiser to produce one for them. The two auto appraisers will negotiate the value between them, if they can not come to an agreement, then an Umpire will decide which appraisal is more credible.
In Oregon, if we increase the value by one cent more than the last offer your insurance company offered you, they have to reimburse you for the cost of the appraisal.
If your claim is with your insurer, you may have the right to an appraisal if your policy
includes an appraisal provision. Your insurer must reimburse your reasonable
appraisal costs if the final appraised value is greater than the insurer’s last offer. This
provision applies to all new policyholders on or after January 1, 2010 and to current
policyholders upon the first renewal of their policy that occurs on or after January 1,
2010. Ask your claims adjuster or the Insurance Division for more information.
Lowball offers from CCC One are more common than you may think. In the case of Buratovich v. Farmers Insurance, documents obtained during discovery, reflected that Farmers Insurance had selected CCC One solely due to it’s evaluations having the lowest payout in regards to a Total Loss Claim. CCC has also recently come under fire in Georgia where consumer advocates claim they have substantially lower valuations than other companies.If your car, truck, RV, motorcycle, or other wheeled vehicle has been totaled, before you accept the insurance company’s total loss offer, you should speak to an Auto Appraiser.
There have also been several Class Action Lawsuits filed regarding Mitchell / J. D. Powers and Associates Total Loss Valuation Methods. This valuation has been involved in several cases where consumers have sought class action lawsuits against State Farm and Progressive for using Mitchell and J.D. Powers valuations.
Oregon Law requires the automobile insurance companies to:
- Provide written notice to the vehicle owner explaining total loss. The notice should inform Oregon claimants, how car valuations are determined, and what steps an owner can take if they disagree with the insurer’s offer.
- Provide the Oregon car owner the appraisal or valuation reports that have been used to determine the value of the damaged vehicle.
- Pay the total loss owner the amount that isn’t in dispute, while the negotiation over the car valuation continues. (For example, if the insurer offers $15,000 and the vehicle owner seeks $18,000, the insurer should pay the $15,000 immediately).
- Reimburse the car owner for reasonable car appraisal costs. This will apply when the car owner has a right to seek appraisal and the final appraised value is higher than the last offer of the insurer.
CALL NOW FOR A FREE CLAIM REVIEW!
OREGON CERTIFIED AUTO APPRAISER
OREGON CERTIFIED APPRAISER
When Hiring an Auto Appraiser, make sure they are certified by the Oregon Department of Transportation. Otherwise, the appraisal may not be considered credible. We are an Oregon certified and licensed auto appraiser. #V34-075
Some appraisal companies inflate their valuations in an effort to entice you to use them because they have the largest value. Largest doesn’t mean you’ll settle for more, normally it’s the opposite. Most insurance companies know who provides credible appraisals, and who provide inflated values
With over 11 years as a licensed and Certified Oregon Auto Appraiser, Ken has the experience to handle any job. He has over 38 years negotiating experience with over 30 years spent in the automotive industry.