Gap eliminates the financial gap between your primary insurance company's settlement and the loan payoff. Plus, GAP even covers your deductible.
For example, if your motorcycle is totaled, here's what happens:
Your loan payoff
$16,000
Your vehicle's actual cash value
$13,000
Your deductible
$500
Your insurance settlement
$12,500
The GAP
$3,500
GAP protection pays
$3,500
There is nothing worse than having to reach into your pocket to cover a loss like this or to continue making payments on a motorcycle or atv because of the gap.