TrueGap protection Example:
You finance/lease a new or used vehicle for $14,000. A year later your insurance company deems your vehicle a total loss due to an accident or a theft. Based on the current market value of your vehicle, your insurance company settles a claim with you in the amount of $9,000. Your outstanding loan amount with the finance company is $12,000 thus leaving you with a loss of $3,000, this is called Negative Equity. Our TrueGap Protection will cover the difference, so you don’t have too. It’s incredibly simple.
We pay the difference between the settlement amount and your current loan amount.
TrueGap Protection is available on all vehicles (up to 10 years old)
You can be covered for up to 96 months or the full term of your loan.
We’ll pay the insurance shortfall up to $50,000
We will even cover your deductible of up to $1,000