Posted June 28, 2019
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2016 Toyota Camry a Total Loss and offered him a settlement of $16,202.24. The State Farm settlement pass through GAP Provider deductions left our client with a $976.50 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $20,318.36. The revised settlement satisfied our clients $976.50 liability and reduced the GAP Provider liability $2,038.21 or 72.1%.
Net settlement increase was $4,116.12 or 25.4%