Posted February 17, 2021
GAP Provider Liability Realignment
Farmers Insurance had deemed our client’s 2019 Toyota Camry a Total Loss and offered her a settlement of $18,890.25. Farmers settlement pass through GAP Provider deductions left our client with a $1,071.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $21,814.25. The revised settlement satisfied our clients $1,071.00 liability and reduced the GAP Provider liability by $1,053.00 or 27.8%.
Net settlement increase was $2,924.00 or 15.5%