GAP Provider Liability Realignment
Farmers Insurance had deemed our client’s 2020 Toyota Corolla a Total Loss and offered her a settlement of $12,825.58. Farmers settlement pass through GAP Provider deductions left our client with a $215.00 lagging balance with their lender Toyota Motor Credit after the GAP Benefit payment.
We successfully settled the claim for $16,606.26. The revised settlement satisfied our clients $215.00 liability and reduced the GAP Provider liability $2,001.61 or 64.7%.
Net settlement increase was $3,780.68 or 29.5%