To be honest, I had never heard of the term«diminished value» until a friend of mine introduced me to Mike at Reed Appraisers. Mike’s knowledge and the information he provided me throughout the process was invaluable. That introduction was lucky for me too, because during his thorough inspection, post-repair, of my vehicle he found serious issues with the repairs that were completed. I would have never known about the substandard repairs, until the car started to rust out from underneath me. Because of his findings, the repair shop not only corrected the poor repairs, but refunded my insurance deductible. In addition, having such a well-documented inspection and appraisal of my car, resulted in my getting the true diminished value from my insurance company — not the pittance they first offered. The insurance company even covered the cost of the diminished value report. This accident truly ended up costing me nothing, all thanks to Reed Appraisers. If I ever have the unpleasant experience of another accident, you can be sure I will be contacting Reed Appraisers again. Thank you, Mike!
Jesse S.
Tu valoración: 5 Alexandria, VA
I had Reed Appraisers do a diminishment of value appraisal after my vehicle was half destroyed in an accident and the insurance company insisted on fixing it. Michael did a very thorough inspection of the car and found some minor repair issues that I hadn’t spotted. He gave me a very detailed report. Unfortunately the insurance company insisted on using the 17c formula, which is based on nothing and puts a very low monetary number on the diminishment of value. The diminishment of value appraisal gave me a good bargaining tool and I was able to negotiate a higher amount of money from the insurance company than I would have gotten without it. The insurance company also reimbursed me for the fee that I paid for the appraisal. Overall I’m very satisfied with the service.