What is one reason appraisers might rely on estimates from repair facilities?

Appraisers often rely on estimates from repair facilities because these estimates provide a preliminary idea regarding the costs associated with repairs. This initial financial assessment is crucial for appraisers as it helps them evaluate the extent of damage and project potential repair expenses. By utilizing these estimates, appraisers can make informed decisions about vehicle valuations and claims management. The estimates can also streamline communication between the appraiser, the repair facility, and the insurance company, aiding in a smoother process overall.

While estimates may include various details such as color matching or provide quick assessments, the primary significance lies in their function as an early indicator of repair costs, which helps guide the appraisal process. Additionally, while these estimates may be relevant for insurance claims, they are not mandated in every case, further emphasizing the importance of the cost estimation aspect in the appraisal function.