Posted August 17, 2020
GAP Provider Liability Realignment
Mendota Insurance had deemed our client’s 2019 Chevrolet Silverado 1500 a Total Loss and offered her a settlement of $23,439.00. The Mendota settlement pass through GAP Provider deductions left our client with a $1,323.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $27,082.00. The revised settlement satisfied our client’s $1,323.00 liability and reduced the GAP Provider liability $1,491.40 or 20.9%.
Net settlement increase was $3,643.00 or 15.5%