Posted May 19, 2022
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2015 Chevrolet Equinox a Total Loss and offered her a settlement of $7,657.97. State Farm settlement pass through GAP Provider deductions left our client with a $310.00 lagging balance with their lender TTCU Federal Credit after the GAP Benefit payment.
We successfully settled the claim for $9,551.19. The revised settlement satisfied our clients $310.00 liability and reduced the GAP Provider liability $509 or 42.2%.
Net settlement increase was $1,893.22 or 24.7%