Are you financing or leasing your car, light truck, or SUV? Did you know that if it’s totaled or stolen, you could face a financial risk that your auto insurance policy may not cover? Guaranteed Asset Protection (GAP Insurance) coverage protects you against this risk!
In the event of theft or total loss of your vehicle, most insurance companies only pay the cash value of the vehicle at the time of the loss. Your remaining loan balance could be much greater than the cash value of your vehicle creating a deficiency of several thousand dollars that you’re liable for! What is the “GAP” on your vehicle? You may be surprised at the answer!
The GAP Auto Advantage gives you further peace of mind. If the vehicle you are now purchasing ever becomes “totaled”, or is stolen and not recovered, GAP Advantage pays an additional $1,000.00 toward the purchase or lease of a replacement vehicle. Not only will you receive the difference between the value of your vehicle and its unpaid loan or lease balance, you also get a head start on financing or leasing a new or used replacement vehicle when you refinance or lease through the same financial institution.
GAP Insurance offers an additional measure of family security and peace-of-mind by reducing the financial burden that may be incurred if your vehicle is stolen or totaled. Additionally, GAP Insurance prevents the deficiency loan balance from being added to a new loan in the event of a total loss, pays up to $500 per loss when it’s filed or paid by the insurance company, and serves to protect your credit rating. GAP Insurance can be purchased at a low, one-time cost.
Click the link above to continue or CANCEL