How Much Should You Settle At On That New Car Claim?

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IVONTaCar.com offers new Competitive Market Price Reports to help insurers settle total loss claims.

For insurance companies that offer a new car replacement policy, it can be challenging to determine a proper settlement cost.

“Trying to establish the correct features of a new replacement vehicle, negotiating prices with dealers and settling with policyholders and leasing companies can be quite challenging, draining and time consuming for adjusters,” says Viraf Baliwalla, President of Automall Network.

Through a new web portal they have created, called IVONTaCar.com, insurers can receive a Competitive Market Price Report based on what the correctly configured matching vehicle could be acquired for in the market of loss anywhere in North America. The report costs $50 with volume pricing available on a tiered basis. The site is also available for consumers to determine what a competitive price would be in their market before buying a new car, thus helping them with negotiation.

Adjusters can use the figures supplied to settle with the policyholder. Automall Network guarantees the price in case the policyholder wishes to replace but has difficulty finding a dealer that will cooperate.

“Insurers can think of us as a ‘Super Dealer,’” says Baliwalla. “We work with every make and model and in every market in North America. This service makes the adjuster’s job a lot easier, relieves work stress and allows adjusters to focus on settling more claims per month.”

Automall Network is an auto broker who services insurance companies and consumer car buyers throughout North America. Automall Network has been providing services to insurance companies for over 10 years. For more information, contact Viraf Baliwalla at (866) 310-8701 x303 or viraf(at)automallnetwork(dot)com.

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Viraf Baliwalla
Automall Network
(866) 310-8701 303
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