Posted June 18, 2019
GAP Provider Liability Realignment
Farmers Insurance had deemed our client’s 2016 Nissan Altima a Total Loss and offered him a settlement of $13,478.94. The Farmers settlement pass through GAP Provider deductions left our client with a $1,591.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $15,545.50. The revised settlement satisfied our clients $1,591.00 lender liability and reduced the GAP Provider liability $489.00.
Net settlement increase was $2,066.56 or 15.3%