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Lee Daniells & Associates, Inc.
Guaranteed Asset Protection
GAP
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.
Loan types:
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Autos
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Boats
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Motorcycles
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Recreational Vehicles
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ATVs
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Snow Mobiles
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Scooters
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and more
We utilize a variety of carriers and markets which allows us to best meet your institutions specific needs.
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