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WHAT IF YOUR
VEHICLE IS STOLEN OR A TOTAL LOSS ?
Most
cars depreciate by thousands of dollars as
soon as they are purchased. And if your
vehicle is stolen, accidentally damaged
beyond repair, or otherwise declared as a
total loss, you are still liable to pay
the difference, the “gap” between your
insurer’s settlement and your loan
balance. That gap will come out of your
pocket for a vehicle that no longer
exists.
WHAT
CAN YOU DO ?
You
can sign up for GAP when you apply for
your vehicle loan. There is no
underwriting, no red tape, no hassles. The
amount of only $299 also can be rolled
into your loan.
ASK
ABOUT GAP FOR YOUR
NEXT VEHICLE LOAN
GAP
provides security for financial loss and
includes:
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Protection for the term of your loan
up to 84 months.
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Coverage for vehicles valued up to $100,000 at time of
purchase.
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Payment benefits up to $50,000.
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Coverage for auto insurance
deductibles as part of the GAP claim
settlement up to $500 and where
allowed by law.
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Benefits for new or used vehicles.
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GAP Plus coverage, which includes up
to $1,000 down payment credit toward a
replacement vehicle when financed by
NET.
Contact NET Federal Credit Union loan
department at
570-961-1100 for information.
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