Posted April 8, 2020
GAP Provider Liability Realignment
Farmers Texas County Mutual Insurance had deemed our client’s 2018 Chevrolet Suburban a Total Loss and offered him a settlement of $19,002.88. The Farmers Texas County Mutual settlement pass through GAP Provider deductions left our client with a $946.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $23,142.38. The revised settlement satisfied our client $946.00 liability and reduced the GAP Provider liability $2,314.30 or 50.4%.
Net settlement increase was $4,139.50 or 21.8%