Posted January 15, 2022
GAP Provider Liability Realignment
Farmers Insurance had deemed our client’s 2014 Honda Accord a Total Loss and offered him a settlement of $13,670.19. Farmers settlement pass through GAP Provider deductions left our client with a $1,365.00 lagging balance with their lender Regional Acceptance after the GAP Benefit payment.
We successfully settled the claim for $15,864.25. The revised settlement satisfied our clients $1,365.00 liability and reduced the GAP Provider liability $29,06 or 3%.
Net settlement increase was $2,194.06 or 16.0%,