There's
a gap in your vehicle insurance that could cost you thousands.
What
causes the gap?
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."
Surprise.
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.
Who
pays the difference? You do.
The
question is not can you afford GAP insurance, but can you
afford not to have GAP insurance?
For
only $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.
Note:
Rates may vary depending on eligibility requirements and
the state where your loan agreement is made.
What
do you have to lose?
Should
you 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.
Don't
put it off. Ask for a GAP application now.
It's
a very small price to pay for this much peace of mind.
Some
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.
