Posted February 23, 2021
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2018 Chevrolet Equinox a Total Loss and offered him a settlement of $17,019.19. Geico settlement pass through GAP Provider deductions left our client with a $1,315.00 lagging balance with their lender RBFCU after the GAP Benefit payment.
We successfully settled the claim for $19,051.75. The revised settlement satisfied our clients $1,315.00 liability and reduced the GAP Provider liability to $234.96 or 2.9%.
Net settlement increase was $2.032.56 or 11.9%