Posted June 12, 2020
GAP Provider Liability Realignment
Farmers Texas County Mutual Insurance had deemed our client’s 2018 Hyundai Sonata a Total Loss and offered him a settlement of $15,348.17. The Farmers Texas County Mutual settlement pass through GAP Provider deductions left our client with a $761.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $18,053.29. The revised settlement satisfied our client $761.00 liability and reduced the GAP Provider liability $1,334.92 or 39.9%.
Net settlement increase was $2,705.12 or 17.6%