Posted November 12, 2019
GAP Provider Liability Realignment
Progressive Insurance had deemed our client’s 2015 Nissan Altima a Total Loss and offered him a settlement of $13,863.51. The Progressive settlement pass through GAP Provider deductions left our client with a $2,280.54 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $16,713.50. The revised settlement satisfied our client’s $2,280.54 liability and reduced the GAP Provider liability $105.14.
Net settlement increase was $2,849.99 or 20.6%