Posted June 9, 2021
GAP Provider Liability Realignment
Texas Farm Bureau Insurance had deemed our client’s 2018 Chevrolet Cruze a Total Loss and offered him a settlement of $12,845.47. Texas Farm Bureau settlement pass through GAP Provider deductions left our client with a $1,593.65 lagging balance with their lender TD Auto Finance after the GAP Benefit payment.
We successfully settled the claim for $16,300.88. The revised settlement satisfied our clients $1,593.65 liability and reduced the GAP Provider liability $1,061.76 or 13.4%.
Net settlement increase was $3,455.41 or 26.9%