Case Study – Hyundai Sonata – Atlanta

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Appraisal Service:
Appraisal Engine Inc
Version:
V1

Reviewed by:
Rating:
5
On November 19, 2016
Last modified:November 19, 2016

Summary:

Our client was able to increase her total loss settlement by $1,670.

Total Loss Case Study, Hyundai Sonta, Atlanta Claim

We were contacted by Geri, P from Marietta, GA. Her insurance company, Farmers, had offered her $10,080 as the cash value of her 2011 Hyundai Sonata Limited.

Hyundai-Sonata-Total-Loss

 

Geri contacted us asking for a quote, she wanted to know if her insurance company was giving her a fair offer.

farmers-insurance-offer-total-loss

First, we requested a copy of the appraisal report Farmers was basing their offer on. Apparently, CCC was the company they hired.

farmers-insurance-offer-total-loss

 

After a claim review, we told Geri that the Actual Cash value was in fact closer to $12,000 and not the $10,080 she was being offered. Geri ordered an appraisal from us.

appraisal-engine-appraised-value

Geri submitted our appraisal to her carrier and invoked her appraisal clause.

appraisal-clause-total-loss-insurance-claim

After being contacted by the insurance company’s appraiser, we were able to settle Geri’s claim for $11,750.

total-loss-settlement-agreement

 

Case Study Summary:

Original Offer  $          10,080
Appraisal  $          11,989
Settlement  $          11,750
Increase  $             1,670
Increase Percentage 17%
Appraisal Cost  $                150
Return on Investment 1013%

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Our client was able to increase her total loss settlement by $1,670.

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