Posted October 30, 2019
GAP Provider Liability Realignment
Travelers Insurance had deemed our client’s 2018 Nissan Altima a Total Loss and offered him a settlement of $16,466.44. The Travelers settlement pass through GAP Provider deductions left our client with a $844.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $18,952.69. The revised settlement satisfied our client’s $844.00 liability and reduced the GAP Provider liability $1,074.25 or 52.5%.
Net settlement increase was $2,486.25 or 23.2%