Posted August 29, 2021
Our client’s 2013 Ford F150 was involved in a rear-end collision. Our client filed a collision claim with their carrier Allstate Insurance for the loss. Allstate issued a loss statement/repair estimate for $707.77 before the deductible. Our clients certified collision facility issued a preliminary loss statement/repair plan for $11,415.18 to return the Ford to its pre-loss condition. Our client came to us for assistance with the $10,707.41 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, our subsidiary Vehicle Value Experts came to a binding agreement with the Allstate independent 3rd party appraiser for $11,415.18 as the loss statement/ repair cost to return our clients 2013 Ford F150 back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $10.707.41 or 1512% from the Allstate loss statement/repair estimate of $707.77. Through the invoking of the Allstate policy right of appraisal our client has been made whole for their loss with no out-of-pocket expense other than their deductible