GAP COVERAGE
GAP COVERAGE OVERVIEW
Chevrolet GAP Coverage protects you from paying a loan on a vehicle that is a total loss. In that event, this plan can help cover the amount you owe on the loan that your insurance doesn't cover, including your deductible.
Key benefits include:
- Available for new and leased vehicles, only at the time of vehicle purchase
- Can be canceledCoverage is fully refundable within 60 days, as long as no loss has occurred. For cancellations after 60 days, a pro rata refund will be given, less any applicable cancellation fee. All refunds will be made to the financial institution/lender.at any time
- Offered in terms ranging from 12-84 months
DON'T PAY FOR A TOTAL LOSS
GAP Coverage can waive the deficiency amount between you and your loan's unpaid finance balance and the settlement amount offered by your insurer in the event of a total loss. Ask us for Chevrolet GAP Coverage-the only plan with the same name as your vehicle.
WHAT'S COVERED
- Available for finance amounts up to $125,000
- Can waive your financial loss up to $75,000, which can include up to $1,000 of your insurer's physical damage deductible
GET COVERED LONGER
- Available terms range from 12-84 month
EXCLUSIONS
- Losses occurring prior to the date of the GAP Addendum
- Losses caused by theft, unless you or your financial institution/lender file a police report
- Any loss that falls outside the standard or optional equipment available from the manufacturer of the covered vehicle
- Vehicles used for commercial purposes
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