Our client’s 2022 Toyota 4Runner was damaged. Our client filed a claim with their carrier Progressive Insurance for the loss. Progressive issued a loss statement/repair estimate for $9,696.55 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $15,615.97 to return Progressive to its pre-loss condition. Our client came to us for assistance with the $5,919.42 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 $13,945.90 as the loss statement/ repair cost to return our clients 2022 Toyota 4Runner back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $4,249.35 or 43.8% from the Progressive loss statement/repair estimate of $9,696.55. 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.