Posted April 10, 2020
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2018 Chrysler Pacifica a Total Loss and offered her a settlement of $23,302.38. The State Farm settlement pass through GAP Provider deductions left our client with a $1,136.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $26,635.44. The revised settlement satisfied our client $1,136.00 liability and reduced the GAP Provider liability $1,469.66 or 12.0%.
Net settlement increase was $3,333.06 or 14.3%