Valuation Use Case

Pre-Conditions

Before using Valuation Services, please review implementation guides between business partners for security and privacy.

Business Triggers

Request a Valuation to be completed (Total Loss Valuation, Salvage Valuation, or Both)

Provide Valuation report to the requestor

Request additional information on a Valuation

Send cancellation of existing valuation request

Inquire on existing valuation request

Confirm status of cancel request on a valuation request

Outcome

Completed Valuation

Industry Benefits
Industry Segments
Industry Benefits
  • Establishment of an accurate and efficient industry standard - by and for industry participants - to be used in the creation and industry standard implementation of electronic messaging for total loss valuations.
  • XML electronic messages provide capability and flexibility for smaller-scale organizations and applications.
  • Facilitates the integration of total loss valuation messages exchange.
  • Eliminates redundant data entry and other manual processes which allows for improved integration of total loss valuation information across applications.
  • Management of the standard by CIECA streamlines development, approval, revision, enhancement and publication.
  • Reduction of cycle time
  • Reduction/Elimination of phone and fax communications
  • Faster total loss vehicle identification to reduce costs (e.g., storage, rental)
  • Accurate and efficient industry standards
  • Terminology of common terms for industry understanding and enable businesses to compare and improve their operations
  • Process Flow Documents that define industry processes and communication points
  • Enable comparisons for industry participants
  • Standardize message protocols
  • Streamline governmental reporting
Industry Segments

Adjustor

Data Recipients

Estimator

Information Provider

Insurance Company

Recycled Parts provider

Salvor

Third Party Administrator

Vehicle Owner and Self-Insured Company