Posted April 7, 2020
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2017 Toyota Camry a Total Loss and offered him a settlement of $12,630.27. The State Farm settlement pass through GAP Provider deductions left our client with a $1,340.50 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $16,085.52. The revised settlement satisfied our client $1,340.50 liability and reduced the GAP Provider liability $729.93 or 64.5%.
Net settlement increase was $3,455.25 or 27.4%