Posted July 12, 2019
GAP Provider Liability Realignment
Texas Farm Bureau Insurance had deemed our client’s 2016 Ford Escape a Total Loss and offered her a settlement of $12,652.79. The Texas Farm Bureau settlement pass through GAP Provider deductions left our client with a $1,157.67 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $14,290.63. The revised settlement satisfied our client’s $1,157.67 liability and reduced the GAP Provider liability $71.87 or 3.1%.
Net settlement increase was $1,637.84 or 12.9%