Posted August 2, 2019
GAP Provider Liability Realignment
Progressive Insurance had deemed our client’s 2017 Toyota Camry a Total Loss and offered him a settlement of $16,341.84. The Progressive settlement pass through GAP Provider deductions left our client with a $710.87 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $19,626.91. The revised settlement satisfied our client’s $710.87 liability and reduced the GAP Provider liability $1,411.56 or 72.1%.
Net settlement increase was $3,285.07 or 20.1%