Posted July 13, 2022
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2016 Chevrolet Cruze a Total Loss and offered her a settlement of $11,335.00. Geico settlement pass through GAP Provider deductions left our client with a $22.00 lagging balance with their lender Ally Financial after the GAP Benefit payment.
We successfully settled the claim for $13,195.00. The revised settlement satisfied our clients $22.00 liability and reduced the GAP Provider liability $832.24 or 66.3%.
Net settlement increase was $1,938.98 or 16.3%