Report Option
|
Definition
|
Deductible
|
Shows deductible from the valuation.
Apply Deductible option: Select to apply the deductible from the valuation.
|
Salvage |
For the valuation there are three options, Non-Owner retained, Owner Retained, and Salvage Amount. As applicable, you can enter the salvage amount for the valuation here.
|
Tax |
Apply Custom Taxes and Fees: Select to apply custom taxes and fees.
Registration Type: Required field if applying custom taxes and fees.
Manual Tax Override: If entering a manual tax, select and enter a tax amount
Apply Tax: Select to apply the selected taxes
|
WorkCenter™ Total Loss Comparable Vehicle Report
|
-
Fully Automated Vehicle Valuation Report where vehicle coverage exists. (PIN VID is displayed)..
-
“Prepared For:” subheading is a company customer setting that will allow carriers to append their company name, or underwriter company, that will be appended to the valuation report. There is a field in the valuation request workflow named “Insurer”. Once selected, it will append that company name to the valuation report.
|
Market Survey Report |
Semi-Automated Vehicle Valuation Report where vehicle coverage exists. (PIN VID is displayed).
Primarily utilized as the first option when the product cannot locate enough comparable vehicles to produce the Fully Automated Vehicle Valuation Report.
-
Hybrid approach consisting of comparable vehicles manually searched and selected by Mitchell’s Total Loss Service Center and processed using the automated JDP Adjustment Methodology.
-
Manually selected comparable vehicles comprised of existing database inventory and/or currently available as per consumer web-based sources (Autotrader.com, cars.com, carsforsale.com)
-
Maximum Search Radius - 1500 miles from garaging location (subject to DOI restrictions)
|
Market Survey Specialty Valuation Report |
Semi-Automated Vehicle Valuation Report where vehicle coverage exists. (PIN VID is displayed).
Primarily utilized as first option when the product cannot locate enough comparable vehicles to produce the Fully Automated Vehicle Valuation Report.
-
Hybrid approach consisting of comparable vehicles manually searched and selected by Mitchell’s Total Loss Service Center and processed using the automated JDP Adjustment Methodology.
-
Manually selected comparable vehicles comprised of existing database inventory and/or currently available as per consumer web-based sources (Autotrader.com, cars.com, carsforsale.com)
-
Maximum Search Radius – Nationwide Search from garaging location (subject to DOI restrictions)
|
Dealer Quote |
Manual Vehicle Valuation Report utilizing Dealer Quotes
Completed as the last option when comparable vehicles cannot be located.
You can request a Dealer Quote as part of an initial
submission or as a part of a revision. If you select a Dealer Quote, Dual-Source
Report options are not available.
|
Passenger Vehicle Specialty Comparable Vehicle Report |
Manual Vehicle Valuation Report
Primarily utilized for vehicles where vehicle coverage does NOT exist. (PIN VID is NOT displayed).But can be completed where PIN VID coverage exists.
-
Manually selected comparable vehicles are limited to currently available as per consumer web-based sources (Autotrader.com, cars.com, carsforsale.com)
-
Adjustments are manually applied consistent with JDP Methodology.
-
Maximum Search Radius – Nationwide Search from garaging location (subject to DOI restrictions)
|
NADA/JDPA Report
|
Automated / Manual Vehicle Valuation Report based on JDP Used Car / Truck model year / data coverage.
Primarily utilized as part of a Dual Source Vehicle Valuation Report when statutory required or as an alternative settlement option when applicable based on customer preference.
|
Dual Source N.A.D.A./J.D. Power-Red Book Guidebook Valuation Report |
Dual Source N.A.D.A./J.D. Power-Red Book Guidebook Valuation Report
Automated / Manual based on JDP Used Car / Truck and Automobile Redbook (Price Digest) model year / data coverage.
Primarily utilized as an alternative settlement option when applicable based on customer preference.
Vehicle Value based on separate N.A.D.A./J.D. Power-Red Book Guidebook methodology.
|
Dual Source WorkCenter™ Total Loss Comparable Vehicle Report with NADA/J.D. Power Guidebook Valuation Report |
WorkCenter™ Total Loss Comparable Vehicle Report with NADA/J.D. Power Guidebook Valuation Report
Automated / Manual based on PIN VID coverage and JDP Used Car / Truck and Automobile Redbook (Price Digest) model year data coverage.
Primarily utilized for Dual Source required states also can be used as an alternative settlement option when applicable based on customer preference.
Vehicle value based on WorkCenter™ Total Loss and NADA/J.D. Power Guidebook methodology
|
Specialty Car Truck Classic Valuation Report |
Manual Vehicle Valuation Report reserved for classic-type vehicles that cannot be processed through WorkCenter Total Loss. (Vehicle coverage does NOT exist. PIN VID is NOT displayed).
-
o Vehicle Decoding Features are not available upon claim entry
-
o Manually selected comparable vehicles are limited to currently available as per consumer web-based sources (Autotrader.com, cars.com, carsforsale.com)
-
o Adjustments are manually applied
-
o Maximum Search Radius – Nationwide Search from garaging location (subject to DOI restrictions)
|
Specialty Other Report |
Manual Vehicle Valuation Report template utilized a last option when all other designated templates do not meet the vehicle requirements. (Vehicle coverage does not exist. PIN VID is NOT displayed)
-
Vehicle Decoding Features are not available upon claim entry
-
Manually selected comparable vehicles are limited to currently available as per consumer web-based sources (Autotrader.com, cars.com, carsforsale.com)
-
Adjustments are manually applied
-
Maximum Search Radius – Nationwide Search from garaging location (subject to DOI restrictions)
|
True Specialty Valuation Reports (Other Vehicle Types) |
Manual Vehicle Valuation Reports, (Motorcycle, Trailer, Commercial Truck, Marine, Recreational Vehicles completed by Mitchells Total Loss Service Center
-
Vehicle Decoding Features are not available upon claim entry
-
Manually selected comparable vehicles are limited to currently available as per consumer web-based vehicle -specific sources
-
Adjustments are manually applied based on the Total Loss Service Center Specialty Methodology.
-
Maximum Search Radius – Nationwide Search from garaging location (subject to DOI restrictions)
|
Motorcycle Valuation Report |
Template supports Motorcycle, and Powersport Vehicles (ATV, UTV, Snowmobile, etc) |
Utility Trailer Valuation Report |
Template supports Light Duty Trailers, Medium Duty Trailers, Heavy Duty Trailers, Livestock/Horse Trailers, Boat Trailers, and Snowmobile Trailers |
Truck (Heavy Duty) Valuation Report |
Report type supports Light Duty, Medium Duty, and Heavy Duty Commercial Vehicles |
Marine Valuation Report |
Report type supports Watercraft of all varieties including Personal Watercraft (PWC) |
Recreational Valuation Report |
Report type supports Class A Motorhome, Class B Motorhome, Class C Motorhome, Travel Trailer, 5th Wheel Travel Trailer, Pop-up Camper, and Truck Campers |
Delta Reports |
Vehicle Valuation Reports include the ability to track
changes or deltas by clicking the Show Changes button at the top of each
Valuation Request Worksheet. Using this feature you can track changes
or deltas between two or more successive revisions.
|
The Automobile Red Book™
|
The Automobile Red Book, published by Primedia Prices
Digests, is a well-known and respected valuation guide and a leading resource
of business-to-business information for automobile dealers, insurance
carriers, financial institutions, and tax professionals. The current edition
contain twenty years of automobile and light truck identification and
values, including VIN identifiers, mileage, options, factory suggested
retail prices, and regional classifications.
|
AutoCheck®
Vehicle History |
The AutoCheck Vehicle History report provides important
background information that may reveal problems the vehicle has had in
the past. The report may include information bout previous salvage activity,
flood damage, odometer rollbacks, lemon history, junked titles, and state
emission inspection results. Only a carrier with authorization can access
a AutoCheck Vehicle History report.
The severe problem history icon ()
appears next to AutoCheck or NICB reports for vehicles with a severe problem
history, e.g., salvage title, air bag deployment, or frame damage.
|
NCIB® Activity Report
|
The National Insurance Crime Bureau (NICB/ISO) is
a non-profit organization that partners with insurance carriers and law
enforcement agencies to identify, detect, and prosecute those who engage
in insurance fraud. Although the NICB Report is not used to produce a
market valuation, it does identify previous insurance claims made on the
subject of loss vehicle. A carrier must be a member of the NICB/ISO to
request the NICB Report.
The severe problem history icon ()
appears next to NICB or AutoCheck reports for vehicles with a severe problem
history, e.g., salvage title, air bag deployment, or frame damage.
|