TL;DR
- - Allstate offered $10,266 for a 2010 Honda Accord with 65,000 miles, which wasn't enough to buy a comparable replacement.
- - Invoking the appraisal clause and hiring Auto Claim Consultants produced a negotiated settlement of $14,546, 42% more than the insurer's offer.
- - Always get a second opinion and consider using your policy's appraisal clause if an insurer's total loss offer won't cover replacement.
A client gave us a call when his insurance company, Allstate deemed his 2010 Honda Accord with only 65k miles a total loss. The issue was they offered him only $10,266.00. That wasn’t enough to purchase another accord with even double the mileage. After invoking the appraisal clause and hiring Auto Claim Consultants we were able to negotiate a settlement of $14,546.00, 42% more! Always get a second opinion when dealing with an insurance adjuster.
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