![]() ![]() Enrolling is easy and coverage begins immediately.Reasonable one-time cost of $599 (substantially less than what you'd pay elsewhere).It covers cars, vans, light trucks, and motorcycles. GAP is designed for all drivers, whether you have a new or used vehicle. Plus, it covers an additional $1,000 credit toward the financing of a replacement vehicle if you finance your new or used vehicle with DCU within 90 days of the date your vehicle was determined to be a total loss. It may even cover your insurance deductible – up to $1,000 – as part of your claim settlement (not available in all states). For the one-time cost of $599, GAP Advantage covers the difference between the actual cash value of your car and your outstanding loan balance. GAP Advantage supplements your primary auto insurance coverage. GAP Advantage is designed to eliminate your unpaid auto loan balance in the event your vehicle is stolen or damaged beyond repair (totaled). But if you have GAP insurance, you'll be protected. You'll have to come up with the difference. Regular auto insurance will only cover what the vehicle is worth at the time of the loss. That's only a problem if your car is totaled in an accident or stolen but not recovered while you are upside down. Depending on the size of your down payment, you could easily get "upside down" meaning you owe more on your vehicle than it's worth at that moment. Vehicle values decline fast – especially new ones. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |