$349 GAP Insurance, save hundreds over what dealers charge!
GAP INSURANCE FOR $349
Is there a "gap" between the amount you owe on your vehicle and the amount your insurance company will pay if your car is wrecked or stolen? Protect yourself.
| Policy underwritten by | Arch Insurance Company (A rated AMBest) |
| Maximum loan term | 84 months |
| Maximum loan APR | Max APR 12.5% |
| Coverage limited to | 120% Maximum Financing of MSRP for new vehicle or NADA retail for used vehicle. Plus, up to 30% more for dealer adds like service contracts, credit life, etc... |
| Deductible coverage | Yes, up to $500 |
| Application period | Vehicle purchase or loan date within last 12 months |
| Vehice types covered | All private passenger vehicles, vans and light trucks (Not livery/delivery vehicles) |
| High limit of loss | $50,000 |
| Can a lease or balloon loan be covered? | A lease or balloon loan is not eligible for coverage |
| How is 'value' defined? | MSRP = new vehicle purchase / NADA retail = used vehicle purchase |
| Value priced | At $349, a GAP policy is hundreds less than those sold by dealers and lenders |