Posted November 18, 2020
GAP Provider Liability Realignment
Texas Farm Bureau Insurance had deemed our client’s 2017 Nissan Altima a Total Loss and offered her a settlement of $13,155.49. The Texas Farm Bureau settlement pass through GAP Provider deductions left our client with a $1,077.35 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $15,246.88. The revised settlement satisfied our client’s $1,077.35 liability and reduced the GAP Provider liability $520.37 or 50.4%.
Net settlement increase was $2,091.39 or 15.9%