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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%