Posted May 28, 2021
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2020 Chevrolet Trax a Total Loss and offered him a settlement of $16,680.25. Geico settlement pass through GAP Provider deductions left our client with a $2,099.00 lagging balance with their lender GM Financial after the GAP Benefit payment.
We successfully settled the claim for $20,114.25. The revised settlement satisfied our clients $2,099.00 liability and reduced the GAP Provider liability $535.00 or 5.9%.
Net settlement increase was $3,434.00 or 20.6%