Buy GAP
Insurance & Avoid a borrower's biggest
Financial Shock
in the event of a total loss or
theft:
Protect the equity in your financed vehicle
during the loan term in case of a total loss or theft. Your primary
auto insurance settlement (actual cash value) paid to the Bank is often much less than the balance still
due on your car loan. The GAP Insurance
Program will pay that deficiency balance (up to $50,000) plus the
deductible up to $500.
Auto Dealers sell a "waiver", not
insurance and charge $500-$700.