Posted October 9, 2020
GAP Provider Liability Realignment
Progressive Insurance had deemed our client’s 2016 Dodge Ram 1500 a Total Loss and offered him a settlement of $20,353.63. The Progressive settlement pass through GAP Provider deductions left our client with a $2,643.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $28,189.25. The revised settlement satisfied our client’s $2,643.00 liability and reduced the GAP Provider liability to zero..
Net settlement increase was $7,835.62 or 38.5%