Posted February 4, 2021
GAP Provider Liability Realignment
Progressive Insurance had deemed our client’s 2018 Chevrolet Cruze a Total Loss and offered him a settlement of $13,681.56. Progressive settlement pass through GAP Provider deductions left our client with a $436.67 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $15,914.88. The revised settlement satisfied our client’s $436.67 liability and reduced the GAP Provider liability by $996.65 or 42.7%.
Net settlement increase was $2,233.32 or 16.3%