Posted July 17, 2021
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2013 Ford F350 a Total Loss and offered him a settlement of $34,262.81. Geico settlement pass through GAP Provider deductions left our client with a $3,082.00 lagging balance with their lender Wells Fargo after the GAP Benefit payment.
We successfully settled the claim for $40,403.00. The revised settlement satisfied our clients $3,082.00 liability and reduced the GAP Provider liability $1,802.39 or 52.3%.
Net settlement increase was $6,140.19 or 17.9%