Posted November 20, 2019
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2014 Dodge RAM 1500 a Total Loss and offered her a settlement of $21,126.01. The State Farm settlement pass through GAP Provider deductions left our client with a $1,282.25 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $25,427.01. The revised settlement satisfied our client’s $1,282.25 liability and reduced the GAP Provider liability $2,109.15 or 62.5%.
Net settlement increase was $4,301.00 or 20.4%