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What is GAP insurance? This optional loan product protects your auto loan in the event of a total loss or if your vehicle is stolen. Many times consumers are "upside down" on their loan, meaning you owe more than what your insurance company is willing to pay. GAP will pay off your Coastal CU loan!!
Upgrade #1 Replacement Vehicle Benefit. If you have a GAP Claim and finance another automobile with us within 90 days, GAP will pay $1,000 towards the principle of the new car!
Upgrade #2 Auto Deductible Reimbursement. (ADR) for Comprehension and Collision Claims
Pays up to $500 per loss, when claim is filed and paid by primary insurance provider
Loss means an event for which the auto insurance company has approved & paid a claim which exceeds the covered auto deductible for a collision or comprehensive claim.
Limit of 2 (two) losses per year
Coverage is for 3 (three) years after the date of enrollment