07/31/2024
What insurers don’t want you to know…
Today, and every day, all major insurance companies in America are paying thousands of body shops for their P&M’s based off of a detailed invoice.
Is your shop one of them?
Based on the way insurance companies currently calculate their payments for paint and materials, most collision repairers do not receive fair and equitable compensation.
The old, inaccurate ‘allowance amount’ calculation method, allows the insurance industry to save over a hundred million dollars per year in P&M payments to repairers. This is why they stubbornly fight to keep this antiquated payment method as the ‘status quo.'
This calculation method was created because it was just too difficult, if not impossible, for body shops to provide insurers with a detailed invoice for the items they used for a repair.
This old ‘allowance amount’ calculation method totally disregards what specific P&M items were actually used in a repair and the actual cost of those items. A good example of this inaccurate and inequitable payment methodology is reflected in the wide variation of the cost of paint. The cost of one color of paint may be twice the cost of another color, e.g. red versus white, and insurers pay the same price for paint for all vehicles.
The good news is... change is coming! As a result of growing pressure from state insurance regulatory agencies, insurance companies are increasingly paying for paint and materials off of detailed invoices, rather than the 'allowance amount' rate.
PMCLogic offers the collision industry's best solution for overcoming this obstacle.
PMCLogic accurately details the P&M items and quantities needed for a specific repair. These calculations are based on the panels and structural parts being replaced, repaired and/or refinished, not off 'refinish hours.'
PMCLogic automates the entire process. No human effort is required because PMCLogic automatically reads the CCC, Mitchell and Audatex estimates, as soon as they are originally created, and uses that detailed data to create an accurate estimate for the P&Ms needed for that unique repair.
PMCLogic turns an overwhelming task into a fast, efficient and accurate process.
For more information go to www.pmclogic.com
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https://pmclogictrial.booking.appointmentreminder.com/