Forensic, Pre-Accident, and Insurance “Appraisal Clause”
$78/hour with a minimum of 3 hours plus expenses – call for quotation
A “forensic” appraisal is typically necessary in the following instances:
- A vehicle is no longer available for examination because it was stolen and has not been recovered;
- A vehicle has been totally destroyed by fire;
- A vehicle was stolen and has been recovered, but it has been significantly stripped, damaged, vandalized or parted out; and
- A vehicle has been misrepresented as part of an online, Internet, out-of-state and/or overseas sales transaction.
As part of a “forensic” appraisal, facts and information are gathered, including photographs, documentation and/or personal statements evidencing the vehicle’s condition and any significant restoration, modifications, customization or upgrades that were performed. Armed with these facts and information, we consult various sources to identify potential comparable vehicle sales and/or valuation data in order to arrive at a pre-loss actual cash value. Our reports are typically 6-10 pages.
Pre-accident and insurance policy “appraisal clause” appraisals similarly seek any and all available information and documentation, including photographs, receipts and invoices, in order to determine the condition of the vehicle before it was damaged or determined to be a total loss by an insurance company. We also speak with the vehicle owner to obtain further information as well as his/his opinion regarding the exterior and interior condition. Our reports are typically 6-10 pages.
*TRAVEL: Mileage is free for the first 25 miles and $25 for each additional 25 miles or portion thereof (26-50 miles, 51-100 miles, etc.) Parking, tolls, etc. are additional. Motels, meals, and other related overnight expenses are billed at actual cost, but approved in advance by the client before being incurred.
**COURT AND DEPOSITION APPEARANCES, AND LITIGATION PLEADINGS FEE SCHEDULE: Court and deposition appearances are charged at $250/hour for the first two hours, with a two-hour minimum. Subsequent time spent in court or at a deposition is charged at $200/hour. The charges begin at the appointed hour when we are requested to appear and continue until our appearance has concluded. A cancellation fee of $400 is charged for a cancellation notice on the day of the scheduled appearance or when cancelled less than 24 hours before the scheduled appearance, and $300 for a cancellation notice of more than 24 hours but less than 48 hours. A cancellation notice of more than 48 hours will result in no charge. If we are asked to prepare answers to interrogatories and/or supply any documents or materials in connection with litigation and in advance of any deposition and/or court appearance, our fee is $75/hour.