Posted May 2, 2022
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2019 Toyota Tacoma a Total Loss and offered him a settlement of $43,047.02. State Farm settlement pass through GAP Provider deductions left our client with a $135.69 lagging balance with their lender Toyota Motor Credit after the GAP Benefit payment.
We successfully settled the claim for $51,745.39. The revised settlement satisfied our clients $135.69 liability and reduced the GAP Provider liability $5,063.14 or 49.7%.
Net settlement increase was $8,698.37 or 20.2%