Guaranteed Asset Protection (GAP)

Purchasing trailers? Reduce your financial exposure!

When you finance a trailer, its value will depreciate over time. If the unit is stolen or destroyed, you could be left owing a substantial amount of money. You need protection against the "gap" - the difference between the actual cash value covered by your insurance company and the balance you owe.

Here's what the policy provides:

  • Protection against additional payments
  • Affordable rates
  • Highest risk period covered
  • Automatic coverage
  • No downpayment requirement
  • Reduced paperwork

An affordable way to close the significant "gap" in your trailer insurance policy!

A brief Q&A:


Q. Isn't my present coverage enough?
A. No. Conventional insurance does not cover the finance agreement payoff if your vehicle is stolen or destroyed. GAP insurance pays the difference, including any finance charges involved.

Q. What type of transactions does GAP insurance cover?
A. Financed sales agreements from Trailer Fleet Services are covered by GAP.

Q. What if I'm self-insured?
A. A theft or total loss could still end up costing your company a lot of money. Trailer Fleet Services's GAP insurance plan offers additional protection.

Q. Will I receive an actual insurance policy?
A. Yes. You will receive an insurance certificate showing that you are insured and a copy of the policy language.

 

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