Posted March 31, 2020
GAP Provider Liability Realignment
Farmers Insurance had deemed our client’s 2017 Toyota Corolla a Total Loss and offered her a settlement of $10,763.61. The Farmers settlement pass through GAP Provider deductions left our client with a $2,106.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $16,575.01. The revised settlement satisfied our client $2,106.00 liability and reduced the GAP Provider liability $2,511.49 or 24.5%.
Net settlement increase was $5,811.40 or 54.0%