Gap Insurance
There are two levels of
GAP
coverage: Gap Protection & Gap Plus Protection
GAP
Protection
GAP pays any remaining
balance due on your loan or lease after the payment from
your insurance company.
In
other words, should a balance be left over after your
insurance pays the market or cash value, all you will
have to pay is your insurance deductible.
Gap
Plus Protection
GAP Plus covers you
against the same out of pocket expenses as GAP, and also
covers your insurance deductible up to a maximum of
$1000.
Marketing Forms
(PDF)
Lloyds
January 2010
Simple GAP 0-36-125%
Waiver
Basic GAP 36-72 125% Waiver
Independent GAP 0-72 Months 150%
GAP Price List
(xls)
(January 2010)
Wesco
GAP Deficiency Waiver Addendum
Wesco Price Sheet GAP