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When a car is a total loss due to accident or theft,
quite often the owner ends up paying the difference, or "gap", between
what they owe on the loan or lease and the actual cash value of the vehicle from
their own pocket. In such cases, Loan and Lease Elimination Insurance is a
simple and affordable method of protecting vehicle owners from the financial
loss associated with loan/lease deficiencies.
PDP's GAP (Guaranteed Auto Protection) program pays the difference between
the actual cash value of the totaled vehicle and the outstanding loan or lease.
It also reimburses the primary insurance
deductible up to $1,000.
The program can be tailored to your desired coverage level and private
labeled with your company's logo.
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