Gap Insurance

Posted at Fri, Dec 20, 2019 4:00 PM

Commuter Cars and Trucks Presents Gap Insurance Options

So what is the “gap”?

Simply put, the “gap” occurs when the value of your vehicle is less than what you owe on your finance agreement. If your vehicle is deemed a total loss as a result of an accident or theft, your insurance provider may not cover the outstanding balance owed on your loan obligation. You could end up making payments on a vehicle you no longer drive! Help protect yourself from the “gap” with Ally Guaranteed Asset Protection (GAP) offered at Commuter Cars and Trucks.

Ally GAP benefits include:

• Availability on both new and used vehicles

• Coverage for finance agreements up to 96 months1

• Coverage on the remaining net outstanding balance2 including a deductible up to $1,000 (where permitted by state law)

• A full refund if cancelled within 60 days, provided no claims have been made (after 60 days, your refund will be prorated)

• The ability to include the plan cost in your monthly vehicle payment

 

Ask a finance manager for more details at (772) 675-6775 or email: [email protected]

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