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1 Payment of deductible not available in all states.
2 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.
Please fill out this form and someone from our Finance Department will get in touch with you.