Gap Insurance
IF YOUR VEHICLE IS TOTALED HOW ARE YOU GOING TO PAY OFF YOUR LOAN?
HOW GAP PROTECTS YOUR INVESTMENT:
- Protects against financial loss if the vehicle is declared a total loss due to fire, theft, collision, etc.
- Affordable protection for the life of the original loan contract
- Covers your primary insurance deductible up to $1,0001
- Coverage is backed by a top-rated insurance carrier
- Available on both new and used vehicles
- Covers, in most cases, the amount of your loan that’s not covered by your current insurance policy
- GAP benefit covers up to $50,0002
- 100% refund if canceled within 30 days of purchase (when no GAP Benefit has been provided)
- Payment of deductible not available in all states.
- Less any amount of the loan-to-value that exceeds 150% at the time of purchase.
GAP PROTECTS YOU IN THE EVENT OF A TOTAL LOSS OR AN UNRECOVERABLE THEFT OF YOUR VEHICLE
In this example, your loan amount was $25,000. You currently owe $15,000 on the loan and your vehicle is totaled. The insurance company determines that your vehicle is worth $11,000, so that is what they are going to give you for your vehicle. That leaves you without a car and still owing your lender $4,000. GAP coverage would cover that $4,000 so that you can pay off your loan.
Monday | 9:00AM - 8:00PM |
Tuesday | 9:00AM - 6:00PM |
Wednesday | 9:00AM - 6:00PM |
Thursday | 9:00AM - 8:00PM |
Friday | 9:00AM - 8:00PM |
Saturday | 9:00AM - 5:00PM |
Sunday | Closed |
Monday | 7:30AM - 6:00PM |
Tuesday | 7:30PM - 6:00PM |
Wednesday | 7:30AM - 6:00PM |
Thursday | 7:30AM - 6:00PM |
Friday | 7:30AM - 6:00PM |
Saturday | 7:30AM - 12:00PM |
Sunday | Closed |
Monday | 7:30AM - 6:00PM |
Tuesday | 7:30AM - 6:00PM |
Wednesday | 7:30AM - 6:00PM |
Thursday | 7:30AM - 6:00PM |
Friday | 7:30AM - 6:00PM |
Saturday | 7:30AM - 12:00PM |
Sunday | Closed |