Posted January 18, 2019
Our Client was involved in a rear-end collision. The at-fault party had Geico Insurance. Geico issued a repair plan that was not in line with the OEM guidelines. The repair estimate required to return our client’s 2014 Jaguar XJ back to its Pre-Wreck OEM Cosmetic Condition was $22,143. Our Client filed the Claim with their insurance carrier USAA. USAA valued the Jaguar at $27,613. USAA deemed the Jaguar an Economic Total Loss. We invoked the Appraisal Clause and came to an Agreed Value on the Jaguar for $32,900. USAA then found it was in their best economic interest to repair the Jaguar. After the Jaguar was returned to its OEM Pre-Loss condition. We filed an Inherent Diminished Value Claim with Geico.
Geico Insurance paid $3,000.00 to settle the Inherent Diminished Value Claim.