Albuquerque, NM asked in Business Law and Car Accidents for New Mexico

Q: What is the statute regarding qualifications of auto appraisers in New Mexico? Do they need to be licensed?

I was involved in an accident in which the third-party accepted liability. As the vehicle was only 4 months old, a diminished value claim was started. I hired a certified appraiser and received a very detail report stating the diminished value. I submitted this to the insurance company, however, the insurance company will not consider the report because the appraiser, though certified (certified through the American Society of Certified Auto Appraisers), is not licensed. I have read online and have also been told by the appraiser that New Mexico (that state that I reside in and the state the accident occurred in) does not require adjusters to be licensed.

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1 Lawyer Answer
Peter N. Munsing
Peter N. Munsing
  • Personal Injury Lawyer
  • Wyomissing, PA

A: Insurers don't like diminished value claims. If third party accepted liability, you should have an attorney to work on your injury case. If not, contact a member of the NMexico Trial Lawyers Association--they give free consultations.

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