Posted October 16, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2017 Toyota Corolla a Total Loss and offered her a settlement of $12,456.81. The Geico settlement pass through GAP Provider deductions left our client with a $973.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $15,226.75. The revised settlement satisfied our client’s $973.00 liability and reduced the GAP Provider liability $1,175.54 or 59.3%.
Net settlement increase was $2,769.94 or 22.2%