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Our client’s 2014 Honda CR-V was damaged. Our client filed a collision claim with their carrier Geico Insurance for the loss. Geico issued a loss statement/repair estimate for $4,861.65 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $8,019.50 to return 2014 Honda CR-V to its pre-loss condition. Our client came to us for assistance with the $3,157.85 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 Geico independent 3rd party appraiser for $7,392.40 as the loss statement/ repair cost to return our clients 2014 Honda CR-V back to its pre-loss condition.

The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $2,530.75 or 52.1% from the Geico loss statement/repair estimate of $4,861.65. Through the invoking of the Geico policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.