GAP EXAMPLE

 

FOR EXAMPLE   AMOUNT
Loan contract payoff:   $20,000.00 
Insurance settlement amount:  -$14,000.00 
Your motorcycle insurance deductible is:
    +$500.00 
Making your total out-of-pocket expense:     $6,500.00 
Our Guaranteed Asset Protection (GAP) Plan covers:                  
-$6,500.00 
Total you now owe to pay off your loan:            $0.00 

 

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