Posted February 3, 2022
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2020 Chevrolet Trax a Total Loss and offered him a settlement of $21,453.00. Geico settlement pass through GAP Provider deductions left our client with a $1,447.00 lagging balance with their lender GM Financial after the GAP Benefit payment.
We successfully settled the claim for $24,470.50. The revised settlement satisfied our clients $1,447.00 liability and reduced the GAP Provider liability $770.50 or 27.6%.
Net settlement increase was $3,017.50 or 14.1%