What details must a licensed appraiser include on the estimate of a vehicle?

The inclusion of Vehicle Identification Number (VIN), license number, old damage, and estimated repair time on a vehicle estimate is essential for several reasons.

The VIN serves as a unique identifier for the vehicle, allowing for accurate tracking of its history and repair requirements. Including the appraiser's license number demonstrates that the estimate is provided by a qualified professional, which is important for credibility and adherence to regulations. Documenting old damage gives context to the current state of the vehicle, which is critical in establishing whether the repairs are needed due to recent incidents or pre-existing conditions. Estimated repair time provides the insurer and vehicle owner with a realistic timeframe for the completion of the repairs, which can be crucial in managing expectations and logistics.

Overall, this comprehensive set of details on the estimate ensures transparency and helps all parties involved to clearly understand the circumstances surrounding the vehicle's damage and required repairs.