Posted March 15, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2018 Nissan Sentra a Total Loss and offered his a settlement of $9,468.50. The Geico settlement pass through GAP Provider deductions left our client with a $3,103.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $11,432.00. The revised settlement satisfied our client’s $3,103.00 liability and defined the GAP Provider liability to 4,153.96.
Net settlement increase was $1,963.50 or 19.7%