Rehicle's "Parts Value" Metric: A Game-Changer for Insurance Claims Efficiency

The automotive insurance industry is constantly seeking innovative solutions to streamline operations and improve customer experiences. Rehicle, with its unique focus on vehicle parts valuation and consignment services, offers a powerful toolset for insurers looking to optimize their total-loss and claims processes.

What is the "Rehicle Number"?

At the core of Rehicle's offerings is the "Rehicle Number". This meticulously calculated metric represents the potential value of a vehicle if dismantled and its parts sold individually. This data point goes beyond traditional salvage-value estimations, providing a granular view of a vehicle's worth.

How Insurers Benefit from Rehicle's API

Integrating Rehicle's Inner Track Appraisal app API delivers several compelling advantages:

• Informed Total-Loss Decisions: Knowing the true parts value empowers insurers to make more accurate and cost-effective decisions about whether to repair or declare a total loss based on comprehensive data, not just repair estimates.

• Demand Insights: The "Rehicle Number" can indicate market demand for specific parts. This helps insurers understand potential delays and costs associated with claims awaiting parts replacements.

• Shortened Claim Cycles: By identifying vehicles better suited for parts sales, insurers can accelerate the claims process, reduce storage costs, and improve customer satisfaction.

• Fraud Mitigation: Inaccurate salvage valuations can contribute to insurance fraud. Rehicle's data-driven approach promotes transparency and protects against inflated claims.

The Consignment Connection

Rehicle's Auto Parts Consignment program offers an additional layer of value for insurers. Partnering with our network of salvage yards allows for:

• Streamlined Salvage Disposition: Insurers can easily offload totaled vehicles while maximizing returns through parts sales, outsourcing the effort to specialists.

• Sustainable Practices: Consignment aligns with the growing focus on sustainability within the insurance industry by extending the lifecycle of vehicles.

Transform Claims with Rehicle

Rehicle's technology redefines vehicle valuation. By providing unprecedented insights into "parts value" and offering a streamlined consignment solution, we empower insurers to:

• Optimize decision-making

• Reduce claim cycle times

• Enhance customer experience

• Promote sustainability

Contact Rehicle today to learn how our API services can transform your insurance operations.