Total Loss Coverage (TLC) Gap for Commercial Vehicles
Coverages & Features
Vehicles covered include private passenger vehicles, light, medium, and heavy duty trucks. Livery and delivery vehicles are excluded.
|Maximum Gap Term||84 months*|
|Maximum Amount Financed||$125,000|
|Maximum Loan-to-Value||150% MSRP/NADA|
|Maximum Vehicle Age||Unlimited – as long as vehicle is listed in NADA new/used car guides|
|Maximum Vehicle Weight||125,000 lbs.|
|Maximum Benefit Amount||$50,000|
*Gap Term must equal Loan/Finance Term
Insured through two best “A” rated insurance companies.
Product available only through participating dealerships.