REPAIR PROCEDURE ISSUE:
Our client’s 2018 Ford F-150 was damaged. Our client filed a claim with their carrier Insurica TX Insurance for the loss. Insurica TX issued a loss statement/repair estimate for $12,430.93 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $29,655.07 return 2018 Ford F-150 to its pre-loss condition. Our client came to us for assistance with the $17,224.14 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 Insurica TX independent 3rd party appraiser for $28,235.53 as the loss statement/ repair cost to return our clients 2018 Ford F-150 back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $15,804.60 or 127.1% from the Insurica TX loss statement/repair estimate of $12,430.93. Through the invoking of the Insurica TX policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.