Posted November 10, 2020
GAP Provider Liability Realignment
Safeco Insurance had deemed our client’s 2015 Mercedes Smart ForTwo a Total Loss and offered her a settlement of $7,293.89. The Safeco settlement pass through GAP Provider deductions left our client with a $531.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $9,377.12. The revised settlement satisfied our client’s $531.00 liability and reduced the GAP Provider liability to Zero.
Net settlement increase was $2,083.23 or 28.6%