Posted November 23, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2017 Nissan Sentra a Total Loss and offered her a settlement of $14,915.44. The Geico settlement pass through GAP Provider deductions left our client with a $779.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $17,564.25. The revised settlement satisfied our client’s $779.00 liability and reduced the GAP Provider liability $608.05 or 68.0%.
Net settlement increase was $2,648.81 or 17.8%