Posted March 18, 2021
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2017 Toyota Yaris a Total Loss and offered him a settlement of $10,803,59. State Farm settlement pass through GAP Provider deductions left our client with a $1,959.25 lagging balance with their lender Toyota Financial after the GAP Benefit payment.
We successfully settled the claim for $12,431.34. The revised settlement satisfied our clients $1,959.25 liability and reduced the GAP Provider liability to $0.00.
Net settlement increase was $1,627.75 or 15.1%