Posted October 6, 2022
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2014 Ford F-150 a Total Loss and offered him a settlement of $23,947.75. Geico settlement pass through GAP Provider deductions left our client with a $191.58 lagging balance with their lender Capital One Auto Finance after the GAP Benefit payment.
We successfully settled the claim for $27,063.50. The revised settlement satisfied our clients $191.58 liability and reduced the GAP Provider liability $1,156.28 or 72.0%.
Net settlement increase was $3,115.75 or 13.0%