GAP CoverageThe Problem Your car is totaled and the value that your insurance company has placed on your vehicle comes short of the amount you owe on your loan/lease. You are now responsible for the difference. In addition to your deductible, this could amount to thousands of dollars in unexpected expenses. A Simple Solution Dependable EasyCare™ GAP Protection. Protection that actually takes care of the “GAP” between a low insurance settlement and the remainder of a loan/lease.* Protection that even covers up to $1000 of your insurance deductible! † Protection that takes away the worry of paying off your loan/lease after a serious accident or if car is stolen (unrecovered theft). To receive EasyCare™ GAP Protection, you simply pay an affordable, one-time fee that can be included in the financing of your car. It’s that simple! Bridge the Gap between your insurance settlement and loan/lease payoff amount The insurance company has placed a value of $11,000 on your vehicle, after the application of your deductible. However, you still owe $14,000 on the loan/lease of your totaled vehicle.
Deductible GAP Insurance Settlement A Typical Gap Scenario The Gap .................................. $3,000 Be prepared! Why take chances with your investment? Enroll in the EasyCare™ GAP Protection Program when you purchase your vehicle, and avoid the headache of dealing with a low insurance settlement. Special Notice: *In some circumstances (such as past due payments, insurance deductibles in excess of $1000, a delayed insurance settlement or limitations of the plan), EasyCare GAP Protection may not take care of the entire GAP. For a complete list of limitations, see the debt cancellation waiver addendum/GAP insurance policy/certificate of insurance. Please also note that the purchase of EasyCare GAP Protection is absolutely voluntary and is not required by the dealer as a condition to receiving a loan. † Unless otherwise required by state law. |
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