Posted October 23, 2019
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2017 KIA Forte a Total Loss and offered her a settlement of $11,049.11. The State Farm settlement pass through GAP Provider deductions left our client with a $1,515.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $14,253.00. The revised settlement satisfied our client’s $1,515.00 liability and reduced the GAP Provider liability $1,001.29 or 34.3%.
Net settlement increase was $3,203.89 or 29.0%