REPAIR PROCEDURE ISSUE:
Our client’s 2018 Chevrolet Silverado 1500 was damaged. Our client filed a claim with their carrier Trexis One Insurance for the loss. Trexis One issued a loss statement/repair estimate for $12,976.64 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $18,077.26 return Trexis One to its pre-loss condition. Our client came to us for assistance with the $5,100.62 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 independent 3rd party appraiser for $15,500.00 as the loss statement/ repair cost to return our clients 2018 Chevrolet Silverado 1500 back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $2,523.36 or 19.45% from the Trexis One loss statement/repair estimate of $12,976.64. Through the invoking of the Trexis One policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.