{"id":764,"date":"2026-10-12T06:40:31","date_gmt":"2026-10-12T06:40:31","guid":{"rendered":"https:\/\/totalloss.net\/index.php\/glossary\/fair-market-value\/"},"modified":"2026-10-12T06:40:31","modified_gmt":"2026-10-12T06:40:31","slug":"fair-market-value","status":"publish","type":"page","link":"https:\/\/totalloss.net\/index.php\/glossary\/fair-market-value\/","title":{"rendered":"Fair market value"},"content":{"rendered":"<section class=\"hero single\">\n<div class=\"hero-inner\"><span class=\"eyebrow\">Total Loss Network \/ Glossary<\/span><\/p>\n<h1>Fair market value<\/h1>\n<p class=\"lead\">A market-based view of the price a willing, informed buyer and seller would agree to under ordinary conditions. The exact definition and relationship to policy actual cash value depend on the assignment.<\/p>\n<\/div>\n<\/section>\n<p><main id=\"main\" class=\"core-body\"><\/p>\n<section class=\"module\" id=\"why-the-term-matters\">\n<h2>Why the term matters<\/h2>\n<p>Ask which market, date and vehicle condition the opinion addresses. A single asking price does not establish the market, and an urgent sale can reflect circumstances that do not match the assignment.<\/p>\n<\/section>\n<section class=\"module\" id=\"a-question-to-ask\">\n<h2>A question to ask<\/h2>\n<p>\u201cWhere does this term appear in my report or policy, and how does it affect this specific calculation or next step?\u201d Ask for a written explanation tied to the document.<\/p>\n<\/section>\n<section class=\"module\" id=\"read-the-full-guide\">\n<h2>Read the full guide<\/h2>\n<p><a href=\"https:\/\/totalloss.net\/index.php\/guides\/vehicle-value\/\">Continue with the practical guide<\/a><\/p>\n<\/section>\n<section class=\"module\" id=\"keep-exploring\">\n<h2>Keep exploring<\/h2>\n<p><a href=\"https:\/\/totalloss.net\/index.php\/glossary\/\">Browse all glossary<\/a> \u00b7 <a href=\"https:\/\/totalloss.net\/index.php\/states\/oregon\/\">Oregon claim guidance<\/a> \u00b7 <a href=\"https:\/\/totalloss.net\/index.php\/insurance-company-total-loss-claim-guides\/\">Find your insurer<\/a><\/p>\n<\/section>\n<p><\/main><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total Loss Network \/ Glossary Fair market value A market-based view of the price a willing, informed buyer and seller would agree to under ordinary conditions. The exact definition and relationship to policy actual cash value depend on the assignment. Why the term matters Ask which market, date and vehicle condition the opinion addresses. A [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":736,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-764","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/pages\/764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/comments?post=764"}],"version-history":[{"count":0,"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/pages\/764\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/pages\/736"}],"wp:attachment":[{"href":"https:\/\/totalloss.net\/index.php\/wp-json\/wp\/v2\/media?parent=764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}