GAP Warranty is designed to relieve you of the responsibility for the remainder of the loan balance that your primary insurance carrier may not cover.
In Canada a vehicle is stolen every three minutes. In 2006 there were 170,000 vehicles stole in Canada.*The recovery rate of stolen vehicles is less than 50%.
*Source: Insurance Bureau of Canada www.ibc.ca
GAP Protects You from Substantial loss!
Negative Equity, Fees and Taxes are all included in Loan Amount.
Product is available for Automotive, Recreation and Marine vehicles.
Available for both Loans and Leases.
No maximum for Equity roll-over.
Easy to understand and explain claims process, no calculation of % of use.
Policies are available for clients in most Provinces.
All policies are fully insured.
Truncation is not allowed.
Underwritten by Elite Insurance, a member company of AVIVA Canada.
