Posted December 2, 2020
GAP Provider Liability Realignment
Safeway Insurance had deemed our client’s 2018 Chrysler 300 a Total Loss and offered her a settlement of $19,324.25. The Safeway settlement pass through GAP Provider deductions left our client with a $2,129.25 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $22,156.88. The revised settlement satisfied our client’s $2,129.25 liability and reduced the GAP Provider liability $70.18 or 2.1%.
Net settlement increase was $2,832.63 or 14.7%