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Lee Daniells & Associates, Inc.
Guaranteed Asset Protection
This coverage will protect you and your customer. GAP pays the difference between the insurance settlement and the balance of the loan which eliminates a potential deficiency balance or account charge-off.
Available for loans up to 150% of MSRP or NADA Retail, it pays the primary insurance deductible up to $1,000, and is available for loans written up to 84 months.
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