Posted January 23, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2016 Chevrolet TRAX a Total Loss and offered her a settlement of $11,509.38. The Geico settlement pass through GAP Provider deductions left our client with a $915.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $13,203.00. The revised settlement satisfied our client’s $915.00 liability and reduced the GAP Provider liability $359.82 or 7.0%.
Net settlement increase was $1,693.62 or 14.7%