Posted March 18, 2020
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2018 Toyota Highlander a Total Loss and offered him a settlement of $33,049.23. The State Farm settlement pass through GAP Provider deductions left our client with a $1,308.67 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $40,400.67. The revised settlement satisfied our client $1,308.67 liability and reduced the GAP Provider liability $4,558.97 or 38.2%.
Net settlement increase was $7,351.44 or 22.2%