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Declaration page insurance3/19/2023 This was from 8 years ago, and she had a 2002 Buick. But then a friend of mine was having trouble on a total loss settlement, and asked for my help. (Because we sent them a copy of the voluminous report.)This actually worked quite well from the claims adjuster viewpoint. Here’s what we are willing to pay, and that was accepted 99% of the time without further discussion or argument. Now settling total loss claims on vehicles was easy. And this volume of data really extinguished the arguments of any claimants or insureds. The nice thing about CCC is that they send you about 30 or 40 pages of “documentation” proving the value of the totaled vehicle. It was a bit frustrating, but I became very skilled in negotiating these deals.Then a new company came along called CCC Evaluations, and I think there is an ADP Evaluation company as well. From this we came up with a value.It always ended up being a tug of war as we negotiated the final settlement value. Then we would check for comparable vehicles for sale (in newspaper), and get the book value, and call dealers for quotes. We had the appraiser’s report showing mileage, condition, and tire tread measurements, and his opinion on value. Back in the olden-days of insurance adjusting, we would do our own market research on a total loss vehicle. I would like to see an investigative reporter explore this widespread scam.First, some background info. This is simply my theory, based on my own observations. My answer is going to be very shocking to many, and maybe I will end up being sued for defamation or something.
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