Our client’s 2018 Dodge RAM 2500 was damaged. Our client filed a collision claim with their carrier Geico Insurance for the loss. Geico issued a loss statement/repair estimate for $10,821.97 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $25,252.49 to return 2018 Dodge RAM 2500 to its pre-loss condition. Our client came to us for assistance with the $14,430.52 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 $24,803.36 as the loss statement/ repair cost to return our clients 2018 Dodge RAM 2500 back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $14,855.23 or 129.2% from the Geico loss statement/repair estimate of $10,821.97. 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.