Posted March 15, 2022
Our client’s 2017 Buick Encore was involved in a left-front collision. Our client filed a collision claim with their carrier Travelers Insurance for the loss. Travelers issued a loss statement/repair estimate for $5,044.02 before the deductible. Our clients certified collision facility issued a preliminary loss statement/repair plan for $12,025.38 to return 2017 Buick Encore to its pre-loss condition. Our client came to us for assistance with the $6,981.81 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 Travelers independent 3rd party appraiser for $11,900.00 as the loss statement/ repair cost to return our clients 2017 Buick Encore back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $6,855.98 or 136% from the Travelers loss statement/repair estimate of $5,044.02 Through the invoking of the Travelers policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible