If your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will usually only cover the actual cash or market value of the vehicle, less a deductible. You might end up owing more than that to your lender or leasing company though. This is the financial GAP.
GAP coverage will cover the difference. The cost for you is only $200.
Let one of our loan officers give you more information.
Not insured by NCUA; Not underwritten, issued or guaranteed by NCUA or any other federal government agency; You are not required to purchase this as a condition of a loan.