Posted April 1, 2021
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2017 Chevrolet Silverado a Total Loss and offered him a settlement of $30,021.00. Geico settlement pass through GAP Provider deductions left our client with a $1,431.00 lagging balance with their lender Unify Financial after the GAP Benefit payment.
We successfully settled the claim for $41,842.38. The revised settlement satisfied our clients $1,431.00 liability and reduced the GAP Provider liability to $4,951.05 or 77.6%.
Net settlement increase was $11,821.38 or 39.4%