Protect your investment.
Because most insurance policies only cover the value of your vehicle—something that declines during the years of ownership—your loan balance could be higher than the value of your vehicle.
Protect your investment with GAP, a non-insurance product made available in the form of a waiver that covers the “gap” between the vehicle’s value and the amount you still owe. GAP protects you and your entire investment from substantial loss. GAP was designed for all drivers and covers almost any type of vehicle.
GAP covers the difference between your primary carrier’s insurance settlement and the amount of your loan, less delinquent payments, late charges, refundable services warranty contracts, and other insurance-related charges. Included in the difference is your insurance deductible, which is limited to $1,000.
If you are interested in GAP Insurance please call a loan officer today!
Gap Insurance on paper