Posted August 28, 2019
GAP Provider Liability Realignment
Texas Farm Bureau Insurance had deemed our client’s 2018 Dodge Charger a Total Loss and offered him a settlement of $23,154.65. The Texas Farm Bureau settlement pass through GAP Provider deductions left our client with a $797.10 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $24,860.90. The revised settlement satisfied our client’s $797.10 liability and reduced the GAP Provider liability $487.97 or 40.9%.
Net settlement increase was $1,706.25 or 7.4%