Now you can protect yourself if your car is totaled. The value your insurance company will place on your car may be substantially less than the amount you owe.
Why take chances with your investment?
You may think your auto loan with the credit union is 100% insured by the "full coverage" insurance you carry on it. The truth is, in the event your auto is stolen, accidentally damaged beyond repair, or declared a total loss, your insurance company pays the actual cash value of the vehicle at the time of the loss. This may not cover the entire loan balance.
Insure your deductible and any loan balance remaining after your primary insurance carrier settlement. This is what GAP protection can do for you.
-
Protection provided up to 72 months
-
Protection applicable up to $100,000.00
-
Benefits are paid up to $50,000.00
-
Deductible coverage up to $1,000.00
Gap Protection is a one time installment of $250.00 which is substantially lower than the amount the dealership would charge. Contact the office and we can calculate your GAP exposure during the life of your loan.
|
