Guaranteed Asset Protection (GAP) Coverage
If you are financing your new or pre-owned vehicle, then the chances are that your vehicle will depreciate faster than you will pay it off. If you were to ever have a total loss accident or if your vehicle is stolen and never recovered, you would be responsible for paying the difference between your insurance company's estimate of your vehicle's worth and what you owe your lender. This "gap" can be several thousand dollars which your insurance company will not cover, so it is wise to protect your investment and eliminate your risk of this unpredictable and unwelcome expense. Our insurance not only covers your gap with virtually no limit, it will also pay for your insurance deductible!
Credit Life/Disability Insurance
Credit insurance can be a smart protection, especially for those who have sizable or longer term loans. The balance on the loan is the amount insured, so you will never pay for more insurance than you need. The policy premiums are added to your monthly payment so there are no extra payment dates to keep track of. There is no physical examination required. In the event of disability, your loan payments are paid on your behalf until you are able to return to work. In the event of death, the balance of the loan is paid in full so your survivors will not have to worry about an unexpected financial obligation. Ask one of our finance managers if this coverage is right for you.
500 Auto Mall DriveO'Fallon, MO 63368