Posted August 3, 2020
GAP Provider Liability Realignment
USAA Insurance had deemed our client’s 2018 Honda Civic a Total Loss and offered him a settlement of $15,830.23. The USAA settlement pass through GAP Provider deductions left our client with a $978.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $19,412.67. The revised settlement satisfied our client’s $978.00 liability and reduced the GAP Provider liability $278.42 or 64.3%. The insured will now receive a return of equity of $1,526.02. No Need To File A GAP Claim Once The Actual Cash Value Was Established!
Net settlement increase was $3,582.44 or 22.6%