Posted May 23, 2022
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2020 Toyota Corolla a Total Loss and offered her a settlement of $19,411.28. State Farm settlement pass through GAP Provider deductions left our client with a $724.62 lagging balance with their lender Southeast Toyota Finance after the GAP Benefit payment.
We successfully settled the claim for $22,217.00. The revised settlement satisfied our clients $724.62 liability and reduced the GAP Provider liability $779.67 or 31.0%.
Net settlement increase was $2,805.72 or 14.5%