GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2015 Chevrolet Malibu a Total Loss and offered him a settlement of $9,058.94. Geico settlement pass through GAP Provider deductions left our client with a $1,266.00 lagging balance with their lender GM Financial after the GAP Benefit payment.
We successfully settled the claim for $11,189.25. The revised settlement satisfied our clients $1,266.00 liability and reduced the GAP Provider liability $64.31 or 1.4%.
Net settlement increase was $2,130.31 or 23.5%