Posted November 12, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2013 Chevrolet Silverado 1500 a Total Loss and offered her a settlement of $22,854.44. The Geico settlement pass through GAP Provider deductions left our client with a $1,734.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $26,143.94. The revised settlement satisfied our client’s $1,734.00 liability and reduced the GAP Provider liability $836.30 or 25.4%.
Net settlement increase was $3,289.50 or 14.4%