GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2020 Chevrolet Equinox a Total Loss and offered a settlement of $24,497.53.
Geico settlement pass through GAP Provider deductions left our client with a $248.00 lagging balance with their lender TD Auto Finance after the GAP Benefit payment.
We successfully settled the claim for $27,309.43. The revised settlement satisfied our clients $248.00 liability and reduced the GAP Provider liability $757.95 or 39.3%.
Net settlement increase was $2,811.90 or 11.5%