GAP COVERAGE

GAP COVERAGE OVERVIEW

PROTECTION PLAN

GAP Coverage† protects you from paying a loan on a vehicle that is a total loss. In that event, this plan can help cover the amount you owe on the loan that your insurance doesn’t cover, including your deductible.

Key benefits include:

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Available for new and leased vehicles, only at the time of vehicle purchase

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Offered in terms ranging from 12-84 months

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Can be canceled† at any time

DON’T PAY FOR A TOTAL LOSS

GAP Coverage can waive the deficiency amount between you and your loan’s unpaid finance balance and the settlement amount offered by your insurer in the event of a total loss. Ask us for Chevrolet GAP Coverage-the only plan with the same name as your vehicle.

WHAT’S COVERED

  • Available for finance amounts up to $125,000
  • Can waive your financial loss up to $75,000, which can include up to $1,000 of your insurer’s physical damage deductible

GET COVERED LONGER

  • Available terms range from 12-84 months†

EXCLUSIONS

  • Losses occurring prior to the date of the GAP Addendum
  • Losses caused by theft, unless you or your financial institution/lender file a police report
  • Any loss that falls outside the standard or optional equipment available from the manufacturer of the covered vehicle
  • Vehicles used for commercial purposes

Contact Information

8 Main St, Little Falls, NJ 07424, USA

info@schumacherused.com

844-325-6175

Business Hours

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Monday – Thursday

9:00AM – 7:30PM

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Friday

9:00AM – 6:00PM

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Saturday

9:00AM – 5:00PM

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Sunday

Closed

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