REPAIR PROCEDURE ISSUE:
Our client’s 2017 Honda Civic was damaged. Our client filed a claim with their carrier Geico Insurance for the loss. Geico issued a loss statement/repair estimate for $7,876.99 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $11,404.92 to return 2017 Honda Civic to its pre-loss condition. Our client came to us for assistance with the $3,527.93 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 $11.290.54 as the loss statement/ repair cost to return our clients 2017 Honda Civic back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $3,413.55 or 43.3% from the Geico loss statement/repair estimate of $7,876.99. 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.