Guaranteed Asset Protection (GAP) Insurance
If your vehicle is stolen or damaged beyond repair, insurance will only cover the estimated cash value. Many times this amount is much less than what you owe! GAP Insurance will pay the remaining vehicle loan amount and deductibles up to $1,000.
Benefits:
- Protection for up to 84 months on vehicles valued up to $100,000 at the time of purchase
- A one-time premium of $425
- GAP Insurance can be added to a vehicle you already own
- GAP Plus option available: $1,000 down payment benefit for replacement vehicle if financed with Michigan First
- GAP Insurance can be included in to your loan saving you any out-of-pocket expenses if you finance your vehicle with Michigan First
- Available on a variety of vehicles such as: cars, vans, light trucks, motorcycles, ATVs and snowmobiles
With GAP Insurance and great rates from Michigan First, you'll be saving money while protecting your investment.
For details, visit any of our convenient locations or contact us today.
