Posted September 2, 2020
GAP Provider Liability Realignment
Progressive Insurance had deemed our client’s 2019 Toyota Corolla a Total Loss and offered her a settlement of $15,351.92. The Progressive settlement pass through GAP Provider deductions left our client with a $722.85 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $18,657.88. The revised settlement satisfied our client’s $722.85 liability and reduced the GAP Provider liability to zero.
Net settlement increase was $3,305.96 or 21.5 %