Our client’s 2022 Honda Civic was damaged. Our client filed a collision claim with their carrier Progressive Insurance for the loss. Progressive issued a loss statement/repair estimate for $6,773.07 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $9,402.34 to return 2022 Honda Civic to its pre-loss condition. Our client came to us for assistance with the $2,629.27 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 Progressive independent 3rd party appraiser for $8,700.51 as the loss statement/ repair cost to return our clients 2022 Honda Civic back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $2,047.90 or 28.5% from the Progressive loss statement/repair estimate of $6,773.07. Through the invoking of the Progressive policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible.