Being unable to do your job, suffering an illness and other unexpected circumstances can be more than a bump in the road; they can be life changing. We understand that life events happen unexpectedly and that is when you need protection the most.
Our worry-free LifeGAP product provides protection covering depreciation resulting in negative equity on both installment loans and leases with coverage available for your entire loan or lease term.
- First ever multiple benefit life events GAP
- Coverage up to $150K amount financed
- Loan & lease terms up to 72 months
- $50,000 maximum benefit
- 6-month payment benefit option
- Product is cancellable
What this means a direct and accidental loss of or damage to the Collateral, which meets one of these criteria:
- The total cost to repair the Collateral is greater than or equal to the Actual Cash Value of the Collateral immediately prior to the loss; or
- The Customer/Borrower’s Primary Insurer declares the Collateral a total loss.
VEHICLE RETURN COVERED LIFE EVENTS
- Physical disability
- Loss of commercial driver’s license
- Self-employed personal bankruptcy
- Accidental death
- Critical Illness
- Involuntary unemployment of spouse (optional with surcharge)
- Have up to 6 months worth of payments made for you
PEACE OF MIND COMPONENTS
- Payments are made directly to the lender
- Return your vehicle and free yourself from payments
- Positively eliminate your loan or lease
- Protect your credit rating