How can a disagreement over the value of your vehicle be settled?

Filing an appraisal under the Insurance Act is the most effective way to settle a disagreement over the value of your vehicle. This process typically involves hiring a qualified appraiser who evaluates the vehicle's worth based on various factors like condition, mileage, and current market values. The appraisal provides a professional and unbiased assessment that can help resolve disputes between you and your insurance company regarding how much your vehicle is insured for or how much a claim should be.

This method is established in many states to ensure that both parties in an insurance agreement have a fair opportunity to present their case regarding property value. The appraisal process is structured, typically leads to a binding decision, and ensures that both sides adhere to the valuation determined, which can help avoid lengthy legal disputes.

Other methods, such as contacting the DMV or another state government body, would often not have the jurisdiction or authority to intervene in private insurance matters. Additionally, reaching out to another insurance agency may yield subjective opinions rather than an official evaluation, and could complicate the situation further rather than provide a resolution.