The appraisal clause is used when you disagree with what your insurance company is willing to pay you for you total loss vehicle. The Appraisal Clause is in every vehicle policy and is binding. Here is how it works. Your insurance company will hire their own independent appraiser and you will hire your own appraiser. Each appraiser does their own research to determine the market value, and then come together to negoitiate an amount. Once an agreed amount is reached, an award letter is generated which is binding, and the insurance company has to pay that amount, plus sales tax and licensing fees.
Once you have notified your insurance company that you would like to invoke the appraisal clause, request a copy of the total loss valuation for your vehicle by email. Once you have received the valuation, forward it to email@example.com. Total Loss LLC will then give you an idea of what your vehicle is worth and you can decide if you want Total Loss LLC to represent you. Total Loss LLC does not collect any fee until an award letter has been generated and you know how much you will be receiving from your insurance company.