Recreational Vehicle GAP Program
Protect Yourself From “Uncovered” Loss.
“GAP” refers to the difference between what is owed on a vehicle and what an insurance company says it’s worth. As depreciation begins as soon as an automobile is driven off the lot, you’ll want to protect yourself against this kind of loss with the RV GAP Program.
Program covers most Recreational Vehicles, including: Type A, Type B, Type C, 5th wheel, Slide-in, Travel trailers and Pop-up campers
Program is available for RV’s with Financing Terms of up to 240 months and an Amount Financed of up to $250,000*.
Offers protection against unexpectedpayment of additional outstandingbalance due.
Benefits are paid up to $50,000
GAP Coverage Terms upto 120 months
Deductible Coverage upto $1,000
Insured by an A-Rated Insurer
The cost of this Program canbe amortized over the term ofthe loan or lease resulting inminimal monthly payments.
Reduce your financial exposure! When you finance a Recreational Vehicle, its value will depreciate over time. If the unit is stolen or destroyed, you could be left owing a substantial amount of money. You need protection against the “GAP” -the difference between the actual cash value, covered by your insurance, and the balance you owe.
In the event of a paid claim under this Addendum, if the Customer chooses this additional GAP Advantage Protection, the Customer will be eligible to receive an additional Replacement Vehicle Benefit in the amount of $1,000 (not available in states where prohibited by law).
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