REPAIR PROCEDURE ISSUE:
Our client’s 2019 GMC Sierra 1500 was damaged. Our client filed a claim with their carrier Foremost County Mutual Insurance for the loss. Foremost County Mutual issued a loss statement/repair estimate for $13,998.62 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $21,515.35 return Foremost County Mutual to its pre-loss condition. Our client came to us for assistance with the $7,516.73 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 Foremost County Mutual independent 3rd party appraiser for $19,500.00 as the loss statement/ repair cost to return our clients 2019 GMC Sierra 1500 back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $5,501.38 or 39.3% from the Foremost County Mutual loss statement/repair estimate of $13,998.62. Through the invoking of the Foremost County Mutual policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.