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GAP Coverage

                                                     
            

Credit Products:

            
GAP Coverage
            

GAP coverage takes care of the difference between your insurance settlement and the balance owed on your loan or lease in the event of a total loss due to unrecovered theft, collision, fire, or any insured peril.

            
Why consider GAP coverage?
             Due to depreciation and other factors, most loan and lease terms have various time periods where the balance owed may be substantially higher than the vehicle?s current value. If your vehicle were deemed a total loss by your insurance company duing this time period, you would be responsible for the difference, plus any insurance deductible amount. If a covered loss occurs, GAP Coverage will pay the difference between the actual cash value and the scheduled blance you owe to the lender.
            
            
Eligibility
             Gap Coverage is available to most new and pre-owned private passenger financed vehicles.
            
            
How much does GAP Coverage cost?
             Depending on the term on your loan, prices may vary. You plan can be financed along with the purchase of your vehicle. Check with a Finance Manager for more details.
            
            
How much does GAP Coverage cost?
             ? Deductibles up to $1,000
             ? Loans or leases
             ? New or used vehicles
             ? Claims up to $50,000
            
            
            
            
            
            
            
            
            
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