While it may not be on their mind at time of financing a vehicle, a total loss or stolen vehicle can create serious financial strain for your borrowers. Offer them peace of mind with protection that ensures they’re covered—no matter what happens to their vehicle.
In the event of a vehicle total loss or theft, GAP waives the difference between an insurance company’s settlement and the loan payoff amount.
Key features of our GAP product…
- Up to 150% Loan-to-Value protection
- Claim settlement includes delinquent payments and skip payments
- Borrower’s deductible is covered in GAP claim settlement
- Debt Consolidation loans are eligible
- Quote, issue, and report GAP online
- Eligible collateral includes automobiles, trucks, ATVs, motorcycles, watercraft, motor homes, and commercial vehicles
- Underwriting insurance company rated “Excellent” by A. M. Best.
- (Optional) GAP Advantage pays additional benefit if borrower returns to same lender for financing of replacement vehicle
- (Optional) Deductible Reimbursement for partial losses
For more information, call Wickline Financial Insurance at 800-743-9982
Or email to: lwickline@wicklineinsurance.com