Gap
Coverage
There's a gap in your vehicle insurance that could cost
you thousands.
What causes the gap?
This is a relatively
new phenomenon. It is actually caused by fierce competition. With more offers
of low- or no-down payments when buying or leasing a vehicle, you have little
or no initial equity in the vehicle. After the vehicle is purchased, the value
decreases substantially. Unfortunately, the vehicle's value may be less than what
you owe on your loan. Hence the "gap."
Surprise. Auto insurance doesn't
pay it all.
You are liable for this "gap" in your coverage -- a gap
that could cost you thousands of dollars. Most people worry about getting a scratch
on their new car. Imagine how you'd feel if all of a sudden your pride and joy
- your brand new car - was a total wreck, and you had to pay $10,000 out of your
own pocket - over and above what your insurance pays. How would you feel? Think
about it. Then think about this.
Who
pays the difference? You do.
The question is not can you afford GAP
insurance, but can you afford not to have GAP insurance?
For
only $15 you're covered with $10,000 of GAP protection.
For $15 every
6 months, your auto policy will provide up to $10,000 of GAP coverage for either
a new or used vehicle.
Note: Rates may vary depending on eligibility requirements
and the state where your loan agreement is made.
What do you have to
lose?
Should you decide to "gamble" with your vehicle, you
may remove the "GAP" endorsement at any time. You will only be charged
for the time the GAP endorsement is on your policy.
Don't put it off.
Ask for a GAP application now.
It's a very small price to pay for this
much peace of mind.
American National Insurance
Company, Galveston, TX
American National Property and Casualty Company,
Springfield, MO
These
brief descriptions of coverages available are for illustrative purposes
only, and are not intended as a statement of contract. For actual terms
and conditions of coverage provided, refer to your insurance policy,
or, for more information about coverage options and availability, talk
to your American National agent. All products, coverages, and options
are not available in all states, and eligibility guidelines apply. American
National Family of Companies reserves the right to discontinue programs
at any time.
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National Insurance Company, it's subsidiaries or affiliates. Such links
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by American National, its subsidiaries or affiliates.
