As an auto appraisal company, many of the damaged cars in Scottsdale were previously appraised by us and Insured by their owners. We have received lots of feedback from those customers who are now receiving payment on their claims. All have been positive and our customers have express great gratitude for the comprehensive appraisal reports we supplied.
Unfortunately, the area of contention seems to be those vehicles which had inadequate appraisals or no appraisals at all. Because these claims are mostly third party claims determining the prior to loss value will be left up to the insurance companies paying the claims.
A collector-car insurance executive estimated damages to the vehicles could exceed $1.5 million.
As a car guy, he said, it was very sad to see what had happened at the Russo and Steel auction site.