Q. If Your Vehicle is Totaled or Stolen, Will Your Insurance Cover the Entire Loss?

A. Not Likely... Be Prepared to Lay Out Additional Cash!

Did You Know...

• The market value of your new vehicle starts to depreciate the moment you take possession.
• If your vehicle is totaled or stolen, your insurance policy usually does not cover the entire amount you owe on a lease or loan.
• If a total loss occurs, you may have to pay the difference, the gap, between what you owe and the actual cash value of your vehicle, from your own pocket.
• Now, buyers and lessees of new and preowned vehicles can obtain a product that will pay off loan and lease balances and that could help in the purchase or lease of a new vehicle!

Now, You Can Protect Your Investment.

Protect your investment with one of the  following unique, versatile and affordable GAP programs.

• Basic Form
  Pays the difference between the amount paid by the primary insurer (the actual cash value) and your outstanding loan or lease balance, less any primary insurance deductible.
• Broad Form
  Pays the difference between the actual cash value of the total loss vehicle and your outstanding loan or lease balance, including the portion caused by your deductible up to $1,000.00.
• Other Specially Designed Forms

Vehicles Covered