Our client has a 2006 GMC Yukon Denali, he was rear-ended by another vehicle. The at-fault party had USAA Insurance. The OEM Certified Collision Facility our client chose to restore his Yukon back to it’s Pre-Wreck OEM Condition issued a repair estimate for $9,091.75. Our client wanted his Yukon returned back to it’s OEM Pre-Wreck Condition. Our client had Geico Insurance. USAA Insurance elected to deem our clients Yukon a Total Loss. USAA employed CCC ONE to issue a Market Valuation Report on the 2006 GMC Yukon Denali. CCC ONE arrived at a Market Value replacement on the 2006 GMC Yukon Denali for $11,557.00.
The Damage to Loss Ratio at the USAA/CCC ONE Adjusted Vehicle Value ($9,091.75/ $11,557.00 = 77%) was 77%. Texas Transportation Department sets the Total Loss Threshold as 100% of the Actual Cash Value. Meaning if the repair cost minus the paint cost, and sales tax is less than the Actual Cash Value, said vehicle is eligible to be repaired. Our client employed us to issue a damage loss module, explain to USAA the Texas Total Loss Threshold code, and negotiate with USAA to repair his Yukon. USAA subsequently agreed to restore our clients 2006 GMC Yukon Denali back to it’s Pre-Wreck OEM Condition after presented the facts.