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


