REPAIR PROCEDURE ISSUE:
Our client’s 2022 Nissan Pathfinder was damaged. Our client filed a claim with their carrier Farmers Insurance for the loss. Farmers issued a loss statement/repair estimate for $8,404.28 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $26,694.50 return Farmers to its pre-loss condition. Our client came to us for assistance with the $18,290.22 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 $27,004.23 as the loss statement/ repair cost to return our clients 2022 Nissan Pathfinder back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $18,599.95 or 221.32% from the Farmers loss statement/repair estimate of $8,404.28. Through the invoking of the Farmers policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.