Posted February 4, 2021
GAP Provider Liability Realignment
Travelers Insurance had deemed our client’s 2013 Hyundai Tucson a Total Loss and offered her a settlement of $11,459.06. Travelers’ settlement pass through GAP Provider deductions left our client with a $705.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $13,440.63. The revised settlement satisfied our clients $705.00 liability and reduced the GAP Provider liability $376.93 or 33.7%.
Net settlement increase was $1,981.57 or 17.3%