Gap Protection
Gap is a unique coverage program that protects you from financial disaster
in case your vehicle is stolen, or totaled. Here’s why: as your vehicle gets
older, the actual cash value (ACV) declines, while your lease or loan
balance may remain higher than what the insurance company will pay you. You
are then liable for the difference between what the insurance company pays
you and what you owe.
Many people do not realize that they are responsible for that balance owed
on the vehicle. GAP covers the difference between your loan or lease balance
and your insurance settlement. In other words, if your insurance does not
cover the cost of the totaled or stolen vehicle YOU HAVE TO PAY THE
DIFFERENCE.
You are covered 100% in case your vehicle is stolen or totaled. Even your
deductible is covered! GAP is real peace of mind. (Please see contract for
the specific terms and conditions of coverage.)
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