PROVIDING PEACE OF MIND TO AUTO BUYERS THROUGH GAP INSURANCE
Guaranteed Asset Protection (GAP) provides your customer with peace of mind if a total loss takes place – natural disaster, accident, or theft. Standard Auto Insurance will only pay for the value of the car at the time of the incident, which means your customer could be stuck with a large outstanding balance, which normally means you are stuck with a large unpaid balance. Accidents happen and many drivers are unable to pay the difference between the insurance settlement and the remaining vehicle balance. GAP comes to the rescue and allows your customer to concentrate on purchasing another vehicle and getting back on the road, and maintain your payment stream. Let CapRock show you how and why it will work for you.
Key Benifits of GAP Insurance:
- Improved loss performance
- Customer peace of mind
- Lender earns the underwriting profit through premiums collected and ceded to your privately owned reinsurance company
Launch A Successful GAP Program
CapRock provides the support of an experienced staff to assist in the successful launch of your GAP program. Our support includes proper reporting, recommendations for ways to promote your program and proven collection strategies from professionals that have been engaged in these programs for many years.
At CapRock we have a diverse client base, ranging from sales over 1,200 cars a month to 40 cars a month. Let us show your team the CapRock difference.
Contact the team at CapRock today!