Our client’s 2018 Chevrolet Tahoe was damaged. Our client filed a collision claim with their carrier Safeco Insurance for the loss. Safeco issued a loss statement/repair estimate for $3,899.30 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $5,244.73 to return 2018 Chevrolet Tahoe to its pre-loss condition. Our client came to us for assistance with the $1,345.43 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 Safeco independent 3rd party appraiser for $5,527.08 as the loss statement/ repair cost to return our clients 2018 Chevrolet Tahoe back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $1,627.78 or41.7% from the Safeco loss statement/repair estimate of $3,899.30. Through the invoking of the Safeco policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.