Congratulations on your truck purchase and welcome to the family! You are going to be pleased with your choice.
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? In many cases, people owe more on their finance contract than their insurance company will pay in the event of a total loss.
GAP Protection is an amendment to your vehicle finance contract that waives a portion or all of what you owe on the finance contract after an insurance settlement is paid for the total loss of a vehicle.
* In addition to GAP protection, coverage can be upgraded to GAPlus. Not only do you receive the GAP coverage as described previously, GAPlus also provides up to $10,000 or 10% of the original selling price for a Class 8 and up to $5,000 or 10% of the original selling price for a Class 3 through 7.
Protects from out-of-pocket expenses (i.e. New down payment, insurance deductible, sales tax and license fees, vehicle price increases).
In the event of a total loss, GAP provides up to $1,000 for the reimbursement of the primary insurance carrier's deductible (where permitted by state law).
Can be financed with the vehicle for only a small addition to monthly payments
With coverage that's second to none, here's how you can take advantage of this valuable coverage!
Physical Damage Insurance
Finance in Contract
As mentioned earlier, you can finance in contract for the duration of your finance agreement.
Pay Up Front
Pay the total premium up front.
*Subject to 110% maximum loan to value.. Subject to approval by finance source. Policies and claims are administered by EPG Insurance, Inc. and are underwritten by carriers with an AM Best of rating of "A" or better. Savings vary by customer and are not guaranteed. These are optional protection products. Exclusions and limitations apply. Stated coverage not available in all states. Refer to your GAP/ GAPlus contract for complete details and covered items. Please contact EPG Insurance for a full description of all applicable terms, conditions and benefits provided. ©2012 Daimler Truck Financial is a business unit of Mercedes-Benz Financial Services USA LLC (MBFS). All rights reserved. Daimler Insurance Agency LLC, a subsidiary of MBFS, is the licensed insurance agency supporting the GAP/GAPlus Insurance program. MBFS is not an insurance company or agent. Daimler Insurance Agency may be compensated for services in connection with your policy.