REPAIR PROCEDURE ISSUE:
Posted April 24, 2021
Our client’s 2012 Mercedes S63 was involved in a collision. Our client filed a claim with their carrier Farmers Insurance for the loss. Farmers deemed the vehicle a Total Loss. Our clients certified collision facility issued a preliminary loss statement/repair plan for $21,743.02 to return the 2012 Mercedes S63 to its pre-loss condition. Our client wanted their S63 safely returned to its pre-loss OEM condition.
As a result of going through the appraisal process in the policy, our subsidiary Vehicle Value Experts came to a binding agreement with the Farmers independent 3rd party appraiser for $23,900.00 as the loss statement/ repair cost to return our clients 2012 Mercedes S63 back to its pre-loss condition.
Through the invoking of the Farmers policy right of appraisal our client was able to get their S63 repaired to it’s pre-loss condition.
$6,832.20 to return the Tundra to its pre-loss OEM condition. Our client came to us for assistance with the $2,283.08 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, our subsidiary Vehicle Value Experts came to a binding agreement with the Allstate independent 3rd party appraiser for $7,705.00 as the loss statement/repair cost to return our clients 2014 Toyota Tundra back to its pre-loss OEM condition. The $7,705.00 included what would have been supplemental charges after the complete disassembly process and final repair. The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $3,155.88 from the Allstate loss statement/repair estimate of $4,549.12 or 69%. Through the invoking of the Allstate policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.