REPAIR PROCEDURE ISSUE:
Our client’s 2021 Jeep Grand Cherokee was damaged. Our client filed a claim with their carrier Foremost Insurance for the loss. Foremost issued a loss statement/repair estimate for $11,591.71 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $20,806.11 return Foremost to its pre-loss condition. Our client came to us for assistance with the $9,214.40 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 independent 3rd party appraiser for $21,424.00 as the loss statement/ repair cost to return our clients 2021 Jeep Grand Cherokee back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $9,832.29 or 84.8% from the Foremost loss statement/repair estimate of $11,591.71 Through the invoking of the Foremost policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.