Posted January 3, 2020
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2018 Toyota Camry a Total Loss and offered him a settlement of $19,467.22. The State Farm settlement pass through GAP Provider deductions left our client with a $1,034.50 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $22,644.10. The revised settlement satisfied our client’s $1,034.50 liability and reduced the GAP Provider liability $1,444.38 or 45.3%.
Net settlement increase was $3,176.88 or 16.3%