Posted May 31, 2019
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2018 Honda Civic a Total Loss and offered him a settlement of $22,756.72. The State Farm settlement pass through GAP Provider deductions left our client with a $1,140.50 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $29,707.16. The revised settlement satisfied our clients $1,140.50 lender liability and reduced the GAP Provider liability $3,995.74.
Net settlement increase was $6,450.44 or 29%