Wyoming State Resource
Vehicle Appraisal & Insurance Valuation in Wyoming
Wyoming's physical-damage claims regulation recognizes payment based on an appraisal as a settlement method in applicable circumstances. Wyoming statutes define 'appraiser' and 'umpire' within the relevant insurance framework. Wyoming's 75% salvage-title threshold is a title rule — distinct from a universal insurance total-loss mandate. This page explains Wyoming's regulated framework, statutory definitions, and the role of independent vehicle appraisal.
Classification: REGULATED PHYSICAL-DAMAGE ADJUSTMENT + DEFINED APPRAISAL ROLES
Wyoming's physical-damage claims regulation applies to qualifying first-party and third-party vehicle claims and recognizes payment based on an appraisal as a settlement method in applicable circumstances. Wyoming statutes define 'appraiser' and 'umpire' within the relevant insurance framework. Wyoming's 75% salvage-title threshold is a title rule — not a universal insurance total-loss mandate.
Wyoming Physical-Damage Claims Regulation
Wyoming's physical-damage claims regulation applies to qualifying first-party and third-party vehicle claims. The regulation recognizes payment based on an appraisal as a settlement method or option in applicable circumstances.
Wyoming Insurance Department regulations govern physical-damage claims and set out the specific requirements applicable to a given claim.
Wyoming Statutory Definitions — Appraiser and Umpire
Wyoming statutes define 'appraiser' and 'umpire' within the relevant insurance framework. These statutory definitions establish the roles of appraisers and umpires in the Wyoming insurance appraisal context.
Wyoming statutes define 'appraiser' and 'umpire' within the relevant insurance framework. These definitions establish the roles and qualifications applicable to participants in the Wyoming appraisal process.
Actual Cash Value (ACV) in Wyoming
ACV in Wyoming is the fair market value of the vehicle immediately before the loss. The determination considers the vehicle's year, make, model, trim, mileage, condition, and equipment, as well as comparable vehicles available in the applicable market.
Salvage and Title — Important Distinctions
Wyoming's salvage-title provisions include a 75% threshold within specified salvage-title circumstances, using a nationally recognized appraisal guide or approved source. This threshold governs when a vehicle must be titled as salvage under Wyoming's title framework.
Wyoming's 75% salvage-title threshold is a title rule — it is not a universal insurance total-loss mandate. An insurer's economic total-loss decision is governed by the applicable policy and claims-settlement rules, not automatically by the salvage-title threshold. Claims-settlement valuation and salvage-title classification are separate frameworks.
Wyoming Vehicle Appraisal — Frequently Asked Questions
Does Wyoming recognize appraisal as a settlement method?
Yes. Wyoming's physical-damage claims regulation recognizes payment based on an appraisal as a settlement method or option in applicable circumstances for qualifying first-party and third-party vehicle claims.
Does Wyoming define 'appraiser' and 'umpire' in statute?
Yes. Wyoming statutes define 'appraiser' and 'umpire' within the relevant insurance framework, establishing the roles and qualifications applicable to participants in the Wyoming appraisal process.
Is Wyoming's 75% salvage-title threshold the same as the insurance total-loss threshold?
No. Wyoming's 75% threshold is a salvage-title rule — it governs when a vehicle must be titled as salvage. An insurer's economic total-loss decision is governed by the applicable policy and claims-settlement rules, not automatically by the salvage-title threshold.
How is ACV determined in Wyoming?
ACV is the fair market value of the vehicle immediately before the loss, considering year, make, model, trim, mileage, condition, and equipment, as well as comparable vehicles in the applicable market.
Official Sources & References
- Wyoming Insurance Department — Wyoming Insurance Department — consumer resources and automobile claims guidance. insurance.wyo.gov
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