Posted October 12, 2020
GAP Provider Liability Realignment
Foremost Insurance had deemed our client’s 2018 Nissan Sentra a Total Loss and offered him a settlement of $12,631.06. The Foremost settlement pass through GAP Provider deductions left our client with a $774.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $14,935.09. The revised settlement satisfied our client’s $774.00 liability and reduced the GAP Provider liability $996.33 or 32.1%.
Net settlement increase was $2,304.03 or 18.2%