Posted November 19, 2020
GAP Provider Liability Realignment
Geico Insurance had deemed our client’s 2018 Toyota Yaris a Total Loss and offered her a settlement of $14,226.88. The Geico settlement pass through GAP Provider deductions left our client with a $900.00 lagging balance with their lender after the GAP Benefit payment.
We successfully settled the claim for $17,292.19. The revised settlement satisfied our client’s $900.00 liability and reduced the GAP Provider liability Zero.
Net settlement increase was $3,065.31 or 21.5%