Posted June 19, 2019
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2017 Ford Edge a Total Loss and offered her a settlement of $18,599.92. The State Farm settlement pass through GAP Provider deductions left our client with a $1,200.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $21,100.83. The revised settlement satisfied our clients $1,200.00 lender liability and reduced the GAP Provider liability $746.51 or 7.5%.
Net settlement increase was $2,500.91 or 13.8%.