REPAIR PROCEDURE ISSUE:
Our client’s 2020 BMW 840i was damaged. Our client filed a claim with their carrier Liberty Mutual Insurance for the loss. Liberty Mutual issued a loss statement/repair estimate for $11,306.01 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $24,782.04 return Liberty Mutual to its pre-loss condition. Our client came to us for assistance with the $13,476.03 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, Vehicle Value Experts came to a binding agreement with the independent 3rd party appraiser for $24,033.64 as the loss statement/ repair cost to return our clients 2020 BMW 840i back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $12,727.63 or 112.57% from the Liberty Mutual loss statement/repair estimate of $11,306.01. Through the invoking of the Liberty Mutual policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.