is CCC Valuescope a "fair" entity for Insurance Comp to get the true market value of your "totalled" vehicle?

Question

I got the detailed docs from the adjuster for my car (which was declared "totalled") and it came from CCC Valuescope. I read some items about CCC and in general, it seems like insurance comp subscribe to this third pary entity because they give the lowest value for your vehicle, compared to NADA, KBB, Edmunds, etc. is this true/reliable and "fair" to us (as consumers)? Is there a way that I could encourage the adjuster to look to another source?

Answer 1

CCC doesn't 'give' lowest comp for anything. What the provide is market research for vechiles of the SIMILAR year/make/mileage/condition/options as yours. They access sales information from newspapers/magazines, dealerships, etc. in your geographical area and provide this information to the insurance carrier. They do not evaluate your vehicle---they get the information on your vehicle from the insurance company in which to run the search. If a vehicle isn't available in your geographical area then an expanded search is done. If there are options on your vehicle CCC isn't able to account for you must submit receipts for the item(s) to your adjuster for consideration. What CCC doesn't know is if you had recent maintenance done, if you had a recent paint job, upholester replacement, or a new set of tires put on your car.

CCC is more true/reliable and 'fair' then NADA, KBB, and Edmunds b/c CCC bases their information on FACT whereas these auto publications are only guides and NOT based upon fact. I have seen many claims where CCC kicked back a higher value than what is printed in one of these guide books. When was the last time a dealership gave you the trade-in amount for your car after you printed the KBB page and showed it to them? When was the last time you sold your car and got what KBB said? Heck I just bought a used car for $2000 LESS than what the KBB page stated that was taped to the window of the car. And by the way, the usage of CCC or ADP reports has been declared a true/fair source by the Department of Insurance.

Answer 2

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Answer 3

I'm with PH. Looking over my evaluation, they subtracted for my vehicle condition on every compairison when my car was in near perfect condition. I discussed this with the adjuster who said that his evaluation should have increased the value. They also subtracted for options when my car had 8 more option then 4 of the 6 that it was compaired to. Mine had10 more then one in which case they added $8. In one case, the compairable vehicle was exactly the same with the exception of CD player. I have a CD changer which is a higher dollar option and they still deducted $367 from options for that particular vehicle value. Tell me where "fair" exist.

Answer 4

Actually no. The ins. companies have set guidelines that they fallow. Going through ccc doesn't give the lowest value. It is set up to give the average market value based on a number of factors; general condition, mileage, details, extras, features, the amount of use on the tires, etc. It's a fair system.



You can contest the assesment, but you have to check the state laws and be prepared to back up your argument with examples of cars with similar features and amount of use and up keep.



Hope this helps.

Answer 5

CCC is the most fair way to evaluate a car. It takes into consideration the location of the vehicle, whereas NADA, KBB, etc does not. A truck is not worth the same in NY as it is in TX. And I love the KBB/NADA arguements... I looked up my vehicles in KBB and there is absolutely NO WAY I would pay that amount to a 2nd party for my vehicles, even knowing that I have maintained them perfectly!! And as the earlier post said, how many times does a dealer offer you what KBB says your vehicle is worth as a trade in? Please...

Answer 6

shade makes no difference. activities vehicles many times have a stronger top classification. the dimensions of the engine will play a roll too. A V6 mustang would be greater value-effective to insure than a V8 mustang. additionally concider age of motive force, the place this is saved, crime value, etc. Somevehicles are greater conventional with vehicle thieves and could deliver a stronger value additionally. stable success and make specific to save around!

Answer 7

We are in the process of dealing with a claim and I can assure you that CCC is not above board. They are out to help the insurance companies pay the least amount possible. They have been involved in numerous lawsuits and their appraisals are always LOW!!!

Answer 8

If you think CCC is honest, your full of it. At fault insurance gave me their results and not one of the adds / or values I found was listed. All of their finds were at least $4000 below mine for same search.

Answer 9

No, read how they fix their numbers. http://www.certifiedautoappraisers.com/cccarticle.html