Posted June 16, 2020
GAP Provider Liability Realignment
State Farm Insurance had deemed our client’s 2018 Toyota RAV4 a Total Loss and offered her a settlement of $22,911.92. The State Farm settlement pass through GAP Provider deductions left our client with a $1,799.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $28,553.80. The revised settlement satisfied our client $1,799.00 liability and reduced the GAP Provider liability $2,680.88 or 30.9%.
Net settlement increase was $5,641.88 or 24.6%