FOR EXAMPLE
Let's say you owe:
Insurance says the settlement amount is:
Your motorcycle insurance deductible is:
Making your total out-of-pocket expense:
Our Guaranteed Asset Protection (GAP) Plan covers:
Total you now owe to pay off your loan:
AMOUNT
$20,000.00
-$14,000.00
+$500.00
$6,500.00
-$6,500.00
$0.00
YOU OWE $0
PLUS, YOU GET $ 1,000 CREDIT TOWARD THE PURCHASE OF A NEW MOTORCYCLE.
For illustrative purposes only. Assumes all payments made on the due date as scheduled