Automotive Appraisal Training
Automotive appraisal training teaches the student to calculate the fair value of an automobile for insurance purposes, financial matters, gift requirements, and reselling purposes. Most trained automotive appraisers are hired by automobile companies or auto insurance companies to calculate the worth of a vehicle.
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Prerequisites for Becoming an Automotive Appraiser
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To enroll on this training program, a high school diploma or equivalent is required. However, companies prefer applicants with a college education and/or insurance industry experience. An appraiser also requires a valid driving license. As appraisers work with claimants and insurance professionals, good interpersonal skills are necessary.
Professional Training at National Appraisal Institute
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The National Appraisal Institute trains students to become professional appraisers. The organization provides a comprehensive 48-hour course over three months. The students are exposed to actual damaged automobiles. A systematic instructional and practical training session outline is followed. The tuition fee for the course is $4,800 as of November 2010.
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On-the-Job Training
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Training for most automotive appraisal entry-level positions is on the job under the guidance of an experienced appraiser. The training period gives the appraiser experience in all types of automobiles, including classic, commercial and antique automobiles, and may last a couple of months before the trainee is trained enough to do individual audits. Continuing education is recommended after completing training.
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