The Problem
Your car is totaled and the value that your insurance company has placed on your vehicle comes short of the amount you owe on your loan/lease. You are now responsible for the difference. In addition to your deductible, this could amount to thousands of dollars in unexpected expenses.
A Simple Solution
Dependable EasyCare® GAP Protection. Protection that actually takes care of the “GAP” between a low insurance settlement and the remainder of a loan/lease.* Protection that even covers up to $1000 of your insurance deductible! †
Protection that takes away the worry of paying off your loan/lease after a serious accident or if car is stolen (unrecovered theft). To receive EasyCare® GAP Protection, you simply pay an affordable, one-time fee that can be included in the financing of your car. It’s that simple!
Bridge the Gap between your insurance settlement and loan/lease payoff amount
The insurance company has placed a value of $11,000 on your vehicle, after the application of
your deductible. However, you still owe $14,000 on the loan/lease of your totaled vehicle.
Deductible GAP Insurance Settlement A Typical Gap Scenario
Amount owed on the loan/lease ........ $14,000
Your deductible ................................... $1,000
Your insurance settlement ................. $11,000
The Gap .................................. $3,000
Be prepared!
Why take chances with your investment? Enroll in the EasyCare® GAP Protection Program when you purchase your vehicle, and avoid the headache of dealing with a low insurance settlement.
Special Notice:
*In some circumstances (such as past due payments, insurance deductibles in excess of $1000, a delayed insurance settlement or limitations of the plan), EasyCare GAP Protection may not take care of the entire GAP.
For a complete list of limitations, see the debt cancellation waiver addendum/GAP insurance policy/certificate of insurance.
Please also note that the purchase of EasyCare GAP Protection is absolutely voluntary and is not required by the dealer as a condition to receiving a loan.
† Unless otherwise required by state law.
