Posted on February 23, 2021
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2015 GMC Sierra a Total Loss and offered him a settlement of $23,890.45 State Farm settlement pass through GAP Provider deductions left our client with a $1,147.00 lagging balance with their lender GM Financial after the GAP Benefit payment.
We successfully settled the claim for $26,509.51. The revised settlement satisfied our clients $1,147.00 liability and reduced the GAP Provider liability to $0%.
Net settlement increase was $2,619.06 or 11%