Vehicle
Protection
For over 10 years we have been offering our customers vehicle loan protection from Classi GAP Insurance. With the chance of depreciation, your insurance company may not pay off your loan in the unfortunate event of total-loss or theft. It makes good sense to know that you're protected against the gap between your insurance company and your auto loan.
One time cost
Protection for the entire length of your auto loan.
Pays your vehicle insurance deductible
Protects you and your credit.
Combine GAP Insurance and Vehicle Protection Plan with your vehicle purchase and be completely
protected from financial headaches. It is the best way to maximize your investment and financial well-being.
Vehicle Qualification: Any year, Any mileage. Coverage for the term of the loan. Up to 84 months.
Coverage: Theft or accident of your personal vehicle can leave in you in a tough financial bind, owing thousands upon thousands of dollars after your primary insurance settlement.
Here’s why: If your personal vehicle is totaled due to theft or accident, the settlement value that your insurance company places on it may be a whole lot less than the actual amount you owe on your loan or lease at the time of the loss.
When you add in your deductible payment to the loss from this gap between what they pay and what your are financially responsible for, you can be left owing literally thousands of dollars.
Classic GAP eliminates the financial gap between your primary insurance company’s settlement and the loan payoff. Plus, Classic GAP also covers your deductible”
For example, if your personal vehicle is totaled, here’s what happens:
Your loan payoff is.......................................$16,000
Your vehicle’s actual cash value is............$13,000
The First GAP is............................................$3,000
Your deductible is............................................$500
The Second GAP is.........................................$500
Your Insurance settlement is....................$12,500
The total GAP is...........................................$3,500
Classic GAP Pays........................................$3,500
What would be worse than having to reach into your own pocket to cover a loss like this? What would be worse than having to continue making payments on a car or truck that you no longer have? That’s why you need to protect yourself from the gap.