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GAP Truck Insurance

Did you know that if your vehicle is stolen or declared a total loss
that you may still be responsible for paying off a portion of the
vehicle finance contract?


Many people owe more on their finance contract than their insurance company will pay in the event of total loss. GAP is an amendment to a vehicle finance contract that waives a portion of all or what you owe on the finance contract after an insurance settlement is paid for the total loss of a vehicle.**




You never think it can happen to you but the theft or total loss of a vehicle can take anyone by surprise. The surprise can be twice as unpleasant if your primary insurance carriers' settlement is less than the amount needed to pay off your finance contract's outstanding balance.

GAPlus
GAPlus provides not only GAP Coverage as described above, but it also pays you up to $10,000 or 10% of the original vehicle price for a Class 8 and up to $5,000 or 10% of the original vehicle price for a Class 3-7.  this money can be used for:

    • New Down Payment
    • Insurance Deductable
    • Sales tax and license fees
    • Vehicle price increases

How does GAPlus work?
Once you have selected the replacement vehicle from the original selling dealer and copy of the contract, dealer specs and bill of sale are sent to the claims department, a check will be sent to the dealership for any of the items listed above.

What Coverage Terms Apply?
Up to 72 months with in-contract financing?

Payment Options:
Included in finance contract at the time of purchase.
Paid up front.

Contact Dean Loftus or Jim Hoffman at River States Truck and Trailer for further information on these and other finance programs by calling our Wisconsin and Minnesota locations at 800-944-4837.


 

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