Posted December 18, 2020
GAP Provider Liability Realignment
Progressive Insurance had deemed our client’s 2019 Toyota RAV4 a Total Loss and offered her a settlement of $32,469.86. The Progressive settlement pass through GAP Provider deductions left our client with a $1,200.32 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $34,995.00. The revised settlement satisfied our client’s $1,200.32 liability and reduced the GAP Provider liability $749.50 or 9.1%.
Net settlement increase was $2,525.14 or 7.8%