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An independent USPAP-compliant appraisal serves as proper proof of loss in a diminished value claim. In hit and run, uninsured or underinsured motorist situations, a number of states allow the car owner to make a diminished value claim with their own insurance company under their Un/Underinsured Motorist Property Damage policy. [1]
The insurance company will not pay more than $25,000 for property damage in repairs to the vehicle that the insured one hit. In the state of Indiana, the minimum liability limits are $25,000/$50,000/$10,000, [7] so there is a greater property damage exposure for only carrying the minimum limits.
The American Society of Appraisers (ASA) is an American nonprofit organization which serves as a professional affiliation of appraisers. The organization is a multi-discipline, voluntary membership, trade association representing and promoting their member appraisers .
In addition to auto insurance, independent agents can also help you find life insurance and homeowners insurance. They are also able to offer similar insurance products across a broad range of ...
The Appraisal Institute published Bell's book Real Estate Damages: Applied Economics and Detrimental Conditions in 2008. [6] In 2011, Bell returned from Guam, where he consulted with landowners whose property included the cave where Shoichi Yokoi, a Japanese army sergeant, hid for 28 years, unaware that World War II had ended. The landowners ...
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In response to his distress, other independent automobile makers formed a group called the Manufacturers Mutual Association to breathe new life into Winton's legal defense. Formed by Henry Bourne Joy of Packard and Frederic L. Smith of Olds, the two entrepreneurs used their position to threaten the Electric Vehicle Company. The MMA called for ...
An appraiser (from Latin appretiare, "to value") is a person that develops an opinion of the market value or other value of a product, most notably real estate.. The current definition of "appraiser" according to the Uniform Standards of Professional Appraisal Practice (USPAP) is: "One who is expected to perform valuation services competently and in a manner that is independent, impartial and ...
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