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2018 Toyota TundraPosted 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%