insurance fair market value definition
A fair market value appraisal is an opinion of your vehicle's worth based on the appraiser's training, experience, and current market trends. Many insurance companies request an independent fair market value appraisal if there is a difference in opinion regarding your vehicle's worth, and if you assert the insurance policy's appraisal clause. Get a free price quote for an auto appraisal. Appraisals for Insurance Purposes