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.
