Our program protects the lender and the borrower from this deficiency. GAP covers the difference between the insurance settlement and the loan payoff, providing valuable protection against potential out-of-pocket dollars in the event of an insurance shortfall. In most states, even the borrower’s insurance deductible is covered up to $1,000.
GAP Plus is an option that delivers an additional borrower benefit by providing a discount allowance – many times as high as $1,000 – toward the purchase and financing of a replacement vehicle, as long as the replacement vehicle is financed with the same lender. GAP Plus is not available in all states.
Timely and comprehensive reports are an integral part of our ongoing communication with you. We can easily generate custom reports, drawing from the extensive information in our database.
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