Now you can protect yourself if your vehicle is a total loss.
Why take chances with your investment? GAP can provide protection when you purchase your vehicle to help eliminate the headache of dealing with a lesser insurance settlement should you experience a total loss.
|Net Payoff||$23,000||Amount left on your loan or lease|
|Insurance Settlement Amount||$20,000||$21,000 value less your $1,000 deductible|
|Difference Owed||$3,000||Amount you still owe on lost vehicle|
|Total GAP Amount Waived||$3,000||Paid to your lender|
|Your Out-of-Pocket Expense||$0|
*For illustrative purposes only. GAP coverages and benefits vary. Please refer to your GAP Deficiency Waver Contract for full list of coverages and exclusions.