Our system is connected to JD Power's B2B product built specifically for the insurance industry and is different from the consumer website.
The value listed on your policy is used as an indicator for deductible amount (i.e. vehicle valued over $50k would have a higher deductible of $5000, vehicles valued under $50k would have a $2500 deductible). The vehicle value collected in this field is not used in the event of a claim.
In the event of a claim, the TPA would use an estimating vendor that writes estimate or total loss valuation; ACV- based on comps within the area with similar mileage.