Posted March 15, 2021
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2020 Toyota Corolla a Total Loss and offered his a settlement of $17,192.26. State Farm settlement pass through GAP Provider deductions left our client with a $199.25 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $21,162.82. The revised settlement satisfied our clients $199.25 liability and reduced the GAP Provider liability $664.13 or 77.5%.
Net settlement increase was $3,970.56 or 23.1%