REPAIR PROCEDURE ISSUE:
Our client's 2019 Porsche Cayenne was damaged. Our client filed a claim with their carrier GEICO Insurance for the loss. GEICO Insurance issued a loss statement/repair estimate for $6,095.68 before the deductible. Our client's collision facility issued a preliminary loss statement/repair plan for $18,278.85 to return our client's 2019 Porsche Cayenne to its pre-loss condition. Our client came to us for assistance with the $12,183.17 under-indemnification and out-of-pocket expense to safely return their vehicle to its pre-loss OEM condition.
As a result of going through the appraisal process in the policy, the selected Independent Appraiser firm came to a binding agreement with the GEICO Insurance independent 3rd party appraiser for $18,464.69 as the loss statement/repair cost to return our client's 2019 Porsche Cayenne back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $12,369.01 or 202.91% from the GEICO Insurance loss statement/repair estimate of $6,095.68. Through the invoking of the GEICO Insurance policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.