Total-Loss Valuation Report Audit Workbook

What is inside

Audit a written total-loss valuation report, substantiate factual corrections, and decide whether appraisal is proportionate.

• Start with a clear working file
• Identify the claim route and decision
• Audit vehicle identity
• Inspect adjustments
• Assemble the correction packet
• Work through the examples
• Report discrepancy audit
• Comparable vehicle assessment
• Settlement payment waterfall
• Appraisal decision review
• Check the file before using it
• Write down the next step
• Sources and scope

How to use the guide

1. Save a copy and read its instructions before filling in fields.
2. Use your records to enter facts and dates. Label anything that still needs confirmation.
3. Keep your completed copy private. Check the recipient and the included information before sharing.
4. Verify the applicable state rules. The guide does not decide coverage, legal deadlines, or claim value.

Who this is for

• People who need to organize the records and questions addressed in this workbook.
• Readers preparing a factual summary for a qualified adviser or the relevant organization.

Related tools and reading

• Insurance claim tracker
• Expense and damages tracker

Sources

• Washington Office of the Insurance Commissioner

  Official reference supplied with this workbook. Check the current rule and its application to your situation.

• Texas Department of Insurance

  Official reference supplied with this workbook. Check the current rule and its application to your situation.