Posted January 31, 2020
GAP Provider Liability Realignment
Allstate Insurance had deemed our client’s 2018 Toyota Corolla a Total Loss and offered him a settlement of $12,763.19. The Allstate settlement pass through GAP Provider deductions left our client with a $3,580.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $17,805.81. The revised settlement satisfied our client’s $3,580.00 liability and reduced the GAP Provider liability $413.42 or 7.8%.
Net settlement increase was $5,042.62 or 39.5%