Industries Served > Automotive > Value
Added Services > GAP Insurance
Often vehicle owners experience an unpleasant surprise after filing
a theft or damage claim on their financed or leased vehicle.
To their shock, they find that most insurance policies only cover
the actual cash value of a vehicle and not the purchase or replacement
price. The actual value plus a deductible often leaves a tremendous “gap” between
what the insurer pays and what the customer ultimately owes to
the finance company or the lease originator.
The Spectrum Gap Program creates an extraordinary benefit for
your customers. The program generates value to your dealership
and goodwill towards your dealership by offering a protection
plan that removes the aftershock and consumer ill will. By combining
the backing of an insurance company with training and customer
service, you are able to offer your customer financial protection
and peace of mind.