The insurer's total loss vehicle valuation report must include:
- (1) All information collected during the initial inspection assessing the condition, equipment, and mileage of the loss vehicle;
- (2) All information the insurer used to determine the actual cash value of the loss vehicle;
(3) A list of the comparable motor vehicles used by the insurer to arrive at the actual cash value. This list must include:
- (a) The source of the information used;
- (b) The date of the information;
- (c) The contact information for the seller, the comparable motor vehicle's vehicle identification number, or both;
- (d) The seller's asking price;
- (e) The sold price, if available; and
- (f) The location or contact information for each comparable motor vehicle at the time of the valuation.
(4) When the insurer uses a computerized source for determining statistically valid actual cash values after meeting the requirements of WAC 284-30-391 (2)(b)(iv):
- (a) The source must provide a list of comparable motor vehicles used to determine the actual cash value. If more than thirty comparable motor vehicles are used, only thirty must be listed.
- (b) Any supplemental information must be clearly identified with a separate heading.
- (c) Any weighting of identified vehicles to arrive at an average must be documented and explained.
[Statutory Authority: RCW 48.02.060 and 48.30.010. WSR 09-11-129 (Matter No. R 2007-08), § 284-30-392, filed 5/20/09, effective 8/21/09.]