Posted October 25, 2019
GAP Provider Liability Realignment
Liberty Mutual Insurance had deemed our client’s 2016 Chevrolet Malibu a Total Loss and offered her a settlement of $15,572.13. The Liberty Mutual settlement pass through GAP Provider deduction was $840.00. After the pass thru deduction our client owed their lender Security Service Credit Union $840.00.
We successfully settled the claim for $18,179.50. The revised settlement satisfied our client’s $840.00 outstanding loan, reduced the GAP Provider liability 66.6% and Liberty Mutual issued our client a check for $1,274.42 for their equity. Our clients loan has been paid in full and she can now purchase a new vehicle with her $1,274.42 return of equity from Liberty Mutual Insurance.
Net settlement increase was $2,607.37 or 16.7%