DEFINITION: GAP (Guaranteed Asset Protection) is the difference between the Actual Cash Value of your vehicle and the amount of the loan at the time it was stolen or totaled in an accident.
PRODUCT: Our Gap provider offers one of the strongest Gap policies in the country for both Franchise and Independent Dealers because…
- Financing limits up to 150% of NADA Retail or MSRP - Vehicle values up to $100,000 - Claim settlements up to $50,000 - Maximum Loan APR of 29% - Includes $1000 Insurance Deductabale Coverage - Accepted by most lenders nationwide
- Simple 24/7 online gap policy submission and plain paper document printing
ADDITIONALLY, and MOST importantly.....
Our insurer not only protects your customer, but actually issues YOU, the dealership, with your own contractual liability insurance policy (CLIP) for added protection from consumer claims.
This added dealer protection is a Free service that sets us apart from our competitors!
PRICING & DISCOUNTS: See rate chart below. As an incentive to use our product, if you commit to selling 5 or more gap policies a month, we can discount the price by $15. We’re not hardcore about doing 5 per month, but do look at your overall average every six months.