Guaranteed Asset Protection (GAP) Insurance
In the event your insurance company deems your vehicle a total loss, there can be a significant gap between the amount of money your insurance company will pay and the amount you still owe on your loan balance. This is where GAP insurance can pay the difference between the vehicle’s market value and the loan payoff. This coverage could save you thousands of dollars that would otherwise be an out-of-pocket expense.
GAP insurance is a supplemental coverage and does not replace your standard comprehensive, collision and liability coverage. It enhances them.
Call a Financial Service Officer today at 214-574-2000 or 800-388-7889.