Posted March 13, 2020
GAP Provider Liability Realignment
Texas Farm Bureau Insurance had deemed our client’s 2018 Nissan Armada a Total Loss and offered him a settlement of $30,723.79. The Texas Farm Bureau settlement pass through GAP Provider deductions left our client with a $1,065.99 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $31,875.00. The revised settlement satisfied our client $1,065.99 liability and reduced the GAP Provider liability $85.22 or 1%.
Net settlement increase was $1,151.21 or 3.7%