WHO IS THIS PRODUCT FOR?
Lenders, lessors and dealerships, who are concerned when the customer experiences insufficient insurance proceeds for the discharge of a loan or lease obligation in the event of a total loss.

WHAT IS COVERED?
GAP Insurance provides protection from the financial loss that may occur when there is a difference between the actual cash value and the loan or lease balance at the time of a theft or total loss.

COVERAGE HIGHLIGHTS:
GAP between actual cash value (ACV) and loan or lease payoff
"All Risk" Physical Damage
$100,000 maximum loan amount
Unrecovered theft protection
Life-of-loan protection

INSURABLE COLLATERAL:
New and used vehicles
Private passenger automobiles, vans and light-duty trucks

LIMITS:
120% of Manufacturer's Suggested Retail Price (MSRP) on new automobiles
120% or N.A.D.A. or Kelly Blue Book value on used automobiles

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