Gap Protection


In the event of RV theft , or an accident that results in a total loss, most insurance companies only reimburse the owner for the market value of the unit.  This, along with the deductabile, can create a significant gap between what your insurer will pay you and the balance on your loan or lease.

Example:

     Loan/lease Balance          =  $125,000.
     Insurance Settlement        =   $115,000.
     Gap                                        =   $10,000.
     Insurance Deductible         =   $1,000.
     Potential Expenses            =   $11,000
     Gap Protection Pays           =    $11,000.
   Out of Pocket Expenses with Gap Protection       = $0



Price:

$620.00 for 7 years of Protection on units up to $75,000*





Ask about Gap Protection when you finance your RV





*Available only when financed with Summit RV