REPAIR PROCEDURE ISSUE:
Our client’s 2024 GMC Sierra 1500 was damaged. Our client filed a claim with their carrier Progressive Insurance for the loss. Progressive issued a loss statement/repair estimate for $11,084.41 before the deductible. Our client’s collision facility issued a preliminary loss statement/repair plan for $19,592.20 return Progressive to its pre-loss condition. Our client came to us for assistance with the $8,507.79 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 $19,592.48 as the loss statement/ repair cost to return our clients 2024 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 $8,508.07 or 76.8% from the Progressive loss statement/repair estimate of $11,084.41. 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.