Use Case

Total Loss Prediction and Process

When customers are in a serious accident, it can be costly for them to wait until the claim is filed and an appraiser has the time to estimate the vehicle to determine if it’s a total loss.

The Challenge

Every day that a vehicle is waiting for a repair or a total loss determination is another day that will increase the value of the claim. Total losses can instantly increase a claim’s value with daily storage costs.

The Solution

Early total loss prediction is critical to reducing unnecessary claim costs. REPORT can predict if the vehicle is a total loss and, if it is, combining this with STREAMLINE allows an automated process to start to coordinate salvage, rental, and other applicable settlement processes that are specific to total losses.

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