Posted June 18, 2019
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2018 Dodge RAM 3500 a Total Loss and offered him a settlement of $41,642.81. The State Farm settlement pass through GAP Provider deductions left our client with a $2,200.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $54,081.50. The revised settlement satisfied our clients $2,200.00 lender liability and reduced the GAP Provider liability $7,797.29 or 66.5%.
Net settlement increase was $12,438.69 or 29.5%