Posted December 18, 2020
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2020 Chevrolet Trax a Total Loss and offered her a settlement of $16,973.21. The State Farm settlement pass through GAP Provider deductions left our client with a $800.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $22,271.90. The revised settlement satisfied our client’s $800.00 liability and reduced the GAP Provider liability $3,401.29 or 58.6%.
Net settlement increase was $5,298.69 or 31.2%