Low-cost coverage for high-cost expenses!
Most cars depreciate by thousands of dollars as soon as they
are purchased. And if your vehicle is stolen, accidentally damaged
beyond repair, or otherwise declared a total loss, you will still
be liable to pay the difference: the “gap” between the insurance
settlement and your loan balance.
Guaranteed Asset Protection (GAP) helps cover the difference
between your primary insurer’s settlement and the loan balance on
items directly related to the purchase of the vehicle. MEMBER'S
CHOICE® GAP provides coverage for a potentially high-cost expense.
Without GAP coverage, you could end up paying thousands of
dollars for a car you no longer have. Sounds incredible, but it’s
true. You could be risking some big financial losses, especially
in the early years of financing your vehicle. That’s because if it
is stolen or totaled, your auto insurance will cover the actual
cash value.
MEMBER'S CHOICE® Guaranteed Asset Protection (GAP) can cover
that loss exposure for only a few dollars a month. A small price
to pay compared to a series of monthly payments you might be
forced to make on a “phantom” vehicle.
Contact us for more information or a
quote on MEMBER'S CHOICE® Guaranteed Asset Protection. |
