Guaranteed Auto Protection
Also known as GAP insurance, it is free income for both your financial institution and the dealership.
A vehicle's value often declines faster than a loan or a lease balance. If a borrower's car becomes a total loss, he or she may be in for a very unpleasant surprise.
A major out-of-pocket expense can result in a default and create an unpleasant replacement experience for your customer.
Williams & Stazzone is one of the largest providers of Guaranteed Auto Protection in the country. Our tremendous volume makes W&S confident that our GAP programs will afford your organization significant savings as well as supply your dealership with benefits that are superb to anything else in the industry today.
- All risk protection
- Coverage up to 84 months
- Pays buyers primary insurance deductible up to $1,000
- Pays up to 2 delinquent payments for the buyer
- 150% of MSRP / 150% of average retail book value on used vehicles
- Optional replacement vehicle allowance of $1,500 from the original dealer (not available in all states)
- Pays up to $100,000
- Very competitive rates
- A.M. Best "A" or better rated insurance companies
For more information on any of our insurance products, contact us directly or request a quote online.