Posted June 26, 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 $19,254.80. The State Farm settlement pass through GAP Provider deductions left our client with a $1,165.75 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $22,868.36. The revised settlement satisfied our client $1,165.75 liability and reduced the GAP Provider liability $244.98 or 68.1%.
Net settlement increase was $3,613.56 or 18.8%