Progressive’s insurance policies promise to pay the “precise money worth” of a totaled automotive, outlined because the market worth, age, and situation of the car on the time of the loss. However the insurance policies don’t say a lot about how that worth must be calculated. That’s the place Mitchell’s valuation reviews are available. The reviews pull information on just lately listed or offered automobiles and make changes for options like mileage, trim, and situation. The PSA is utilized when a comparable car has an inventory worth however is just not offered by a “non-haggle” seller. In these instances, Mitchell reduces the listed worth to mirror what it estimates the automotive would truly promote for, assuming a typical negotiation.
