Posted March 24, 2020
GAP Provider Liability Realignment
Germania Insurance had deemed our client’s 2017 Nissan Altima a Total Loss and offered her a settlement of $19,439.56. The Germania settlement pass through GAP Provider deductions left our client with a $859.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $21,920.50. The revised settlement satisfied our client $859.00 liability and reduced the GAP Provider liability $420.53 or 65.0%.
Net settlement increase was $2,480.94 or 12.8%