What does a "certified estimate" signify in vehicle appraisal?

A "certified estimate" signifies an appraisal completed by a qualified professional. This involves a systematic and detailed analysis of the vehicle's condition, market value, and any special considerations that might affect its worth. A qualified professional brings expertise and knowledge to the appraisal process, ensuring that the estimate is accurate, thorough, and reliable.

Such estimates typically follow industry standards and guidelines, which provide validity to the appraisal. This is essential for insurers, financial institutions, and vehicle owners who rely on certified estimates for purposes like insurance claims, resolving disputes, or assessing the value for resale. The qualifications of the appraiser, along with adherence to established protocols, contribute to the credibility of the certified estimate, setting it apart from informal or non-professional estimates.