There's a gap
in your vehicle insurance that could cost you thousands.
This is a relatively
new phenomenon. It is actually caused by fierce competition. With
more offers of low- or no-down payments when buying or leasing a
vehicle, you have little or no initial equity in the vehicle. After
the vehicle is purchased, the value decreases substantially. Unfortunately,
the vehicle's value may be less than what you owe on your loan.
Hence the "gap."
Auto insurance doesn't pay it all.
You are liable
for this "gap" in your coverage -- a gap that could cost you thousands
of dollars. Most people worry about getting a scratch on their new
car. Imagine how you'd feel if all of a sudden your pride and joy
- your brand new car - was a total wreck, and you had to pay $10,000
out of your own pocket - over and above what your insurance pays.
How would you feel? Think about it. Then think about this.
pays the difference? You do.
is not can you afford GAP insurance, but can you afford not
to have GAP insurance?
$15 you're covered with $10,000 of GAP protection.
For $15 every
6 months, your auto policy will provide up to $10,000 of GAP coverage
for either a new or used vehicle.
may vary depending on eligibility requirements and the state where
your loan agreement is made.
you have to lose?
decide to "gamble" with your vehicle, you may remove the
"GAP" endorsement at any time. You will only be charged
for the time the GAP endorsement is on your policy.
it off. Ask for a GAP application now.
It's a very
small price to pay for this much peace of mind.
eligibility requirements apply. Not available in all states. This
page contains only a general description of the coverages and is
not a statement of contract. All coverages are subject to the exclusions
and conditions in the policy itself.