Posted November 13, 2020
GAP Provider Liability Realignment
USAA Insurance had deemed our client’s 2018 GMC Sierra a Total Loss and offered him a settlement of $27,104.38. The USAA settlement pass through GAP Provider deductions left our client with a $4,099.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $36,046.38. The revised settlement satisfied our client’s $4,099.00 liability and reduced the GAP Provider liability $587.47 or 63.2%.
Net settlement increase was $8,942.00 or 33.0%