Posted March 18, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2018 Toyota Corolla a Total Loss and offered him a settlement of $16,278.63. The Geico settlement pass through GAP Provider deductions left our client with a $1,836.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $19,689.25. The revised settlement satisfied our client $1,836.00 liability and reduced the GAP Provider liability $832.62 or 13.9%.
Net settlement increase was $3,410.62 21.0%