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GAP

GAP Loss Protection could save you thousands of dollars if your vehicle is declared a total loss or stolen.  Here’s why:  Over time your vehicle depreciates, sometimes leaving a loan balance that is higher than the “market value” of your vehicle.  Most insurance companies only pay “market value” for your vehicle at the time of loss minus your deductible - GAP will pay toward the difference.

Example:

Loan Payoff$15,000
Insurance Settlement-$12,000
Insurance Deductible+$500
GAP$3,500
GAP Loss Protection Pays$3,500
You Owe$0

MILES has partnered with Nation Safe Drivers to provide you with protective GAP coverage.  Nation Safe Drivers is one of the largest suppliers of towing and roadside assistance, as well as additional supplemental insurance related products - they serve over 5 million customers annually.

Benefits

  • Minimal up-front cost that will protect you throughout the life of your loan
  • Pays the “gap” between your loan balance and NADA retail
  • Provides the ability to get you in another vehicle quickly
  • Protects you from financial disaster and offers you security

Believe it or not, at least one claim per day is filed by a customer who has been in an accident resulting in a total loss of their vehicle!  Should you need to file a GAP Claim, MILES has a dedicated person on staff to assist you.  For questions regarding GAP coverage or for help in filing a claim visit our FAQ section  or call: 800-293-2040.