GAP Insurance
(Guaranteed Asset Protection Insurance)
 GAP
Insurance is important to have when your trailer is
financed. If your trailer is involved in an accident or
damaged; the insurance company will only cover the
"Actual Cash Value" of your trailer. If you
owe more on the loan than the value of your trailer,
that is called the gap. As the owner you are responsible
to pay for this gap in coverage unless you have a
product like GAP Insurance. When finance
or lease your trailer GAP Insurance will give you peace
of mind that you can rely on.
GAP
Insurance is very affordable, and we highly recommend it
if you finance your trailer.
Security
Pays off the remaining principal balance on your
loan or lease plus your deductible*, in the even of a
total loss.
Freedom
For just a small addition to your monthly payment,
you are protected for the life of your loan or lease.
Flexibility
GAP Insurance is available to cover most types of
financial contracts, including loans, balloon loans, and
leases.
To often
people assume that insurance companies will cover any
loss related to their trailer. In reality, the Actual
Cash Value an insurance company places on your trailer
may be substantially less than the outstanding loan or
lease balance. Consequently, if your trailer is damaged
or stolen, and is deemed a total loss you may be
responsible for the "GAP". This GAP amount is
the difference between the amount required to pay off
the loan or lease, and the Actual Cash Value determined
by the insurance company.
Protect
Your Investment
Ask us to explain how GAP Insurance can work for
you. When you sign-up for coverage, you will be choosing
the protection that allows you to enjoy your trailer
free of "GAP" worry. You can easily add GAP
Insurance to your loan or lease for just a small
addition to your monthly payment.
Ask about
it when you place your order with Trailers.com!
Download
the Galt GAP Protection Brochure.
*Deductible payments not may
not available in some states. Maximum deductible varies by
lender and dealer. Consult with your GAP Insurance
contract for details as to actual coverage.
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