Posted August 3, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2018 Toyota Tundra a Total Loss and offered him a settlement of $37,578.56. The Geico settlement pass through GAP Provider deductions left our client with a $1,672.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $43,869.63. The revised settlement satisfied our client’s $1,672.00 liability and reduced the GAP Provider liability $1,833.70 or 72.2%.
Net settlement increase was $6,291.07 or 16.7%