Guaranteed Asset
Protection
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.
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