Posted July 14, 2021
GAP Provider Liability Realignment
Farmers Insurance had deemed our client’s 2019 Ford F250 a Total Loss and offered him a settlement of $69,890.56. Farmers settlement pass through GAP Provider deductions left our client with a $3,131.00 lagging balance with their lender Wells Fargo after the GAP Benefit payment.
We successfully settled the claim for $79,609.25. The revised settlement satisfied our clients $3,131.00 liability and reduced the GAP Provider liability $609.43 or 70.7%.
Net settlement increase was $9,718.69 or 13.9%