REPAIR PROCEDURE ISSUE:
Our client's 2021 BMW 430i was damaged. Our client filed a claim with their carrier State Farm Insurance for the loss. State Farm Insurance issued a loss statement/repair estimate for $3,851.15 before the deductible. Our client's collision facility issued a preliminary loss statement/repair plan for $7,493.03 to return our client's 2021 BMW 430i to its pre-loss condition. Our client came to us for assistance with the $3,641.88 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 State Farm Insurance independent 3rd party appraiser for $8,500.00 as the loss statement/repair cost to return our client's 2021 BMW 430i back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $4,648.85 or 120.71% from the State Farm Insurance loss statement/repair estimate of $3,851.15. Through the invoking of the State Farm Insurance policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.