Posted June 2, 2020
GAP Provider Liability Realignment
Farmers Insurance had deemed our client’s 2018 Hyundai Elantra a Total Loss and offered her a settlement of $15,090.00. The Farmers settlement pass through GAP Provider deductions left our client with a $882.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $16,268.31. The revised settlement satisfied our client $882.00 liability and reduced the GAP Provider liability $21.31 or 2%.
Net settlement increase was $1,178.31 or 7.8%