Posted March 5, 2022
Our client’s 2017 Buick Envision was involved in a collision. Our client filed a collision claim with their carrier Progressive Insurance for the loss. Progressive issued a loss statement/repair estimate for $4,065.87 before the deductible. Our clients certified collision facility issued a preliminary loss statement/repair plan for $13,998.45 to return 2017 Buick Envision to its pre-loss condition. Our client came to us for assistance with the $9,932.58 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 Progressive independent 3rd party appraiser for $13,998.45 as the loss statement/ repair cost to return our clients 2017 Buick Envision back to its pre-loss condition.
The final binding agreement between the unbiased independent appraisers identified an under-indemnification of the loss of $9,932.58 or 244% from the Progressive loss statement/repair estimate of $4,065.87. 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