What is the standard procedure if your repair costs exceed the appraisal value?

When repair costs exceed the appraisal value, negotiating with the insurance company is the standard procedure because it allows for a discussion about how to proceed with the repairs or compensation. Insurers typically have protocols in place for these scenarios, and it may be necessary to clarify the extent of damages and necessary repairs. This negotiation can help determine if it is possible to adjust the value recognized by the insurance policy or find a solution that satisfies both parties.

During this process, the value of the car and the extent of damages are taken into account to ensure that the claim reflects the true cost of repairs versus the value of the vehicle. This approach is often more effective in reaching an amicable resolution than filing for a claim adjustment or simply requesting a second appraisal, as those steps can introduce delays and complications without necessarily addressing the immediate need for repair expenses.