With J.T. Miller Company, you can protect both the financial institution you run and your customers by implementing our GAP insurance program.
As part of our Consumer Loan Lending Services program, J.T. Miller Company writes GAP insurance coverage that lenders and financial institutions can then offer to customers. GAP insurance pays the difference between the payoff amount on an auto loan and what the insurance company established as the actual cash value (ACV) of the vehicle. By providing your customers with a GAP insurance policy, you are also protecting your organization from potential financial loss.
Our GAP insurance coverage includes the following:
- All Risk protection for new and used vehicles.
- Protection for the term of your loan up to 84 months.
- Protection for vehicles valued up to $40,000 at time of purchase.
- Benefits paid up to $25,000.
- Deductible coverage up to $1,000.
- Protection of the Banks collateral.
- Enhances your Blanket Vehicle Single Interest coverage.
At J.T. Miller Company, we offer financial institutions comprehensive GAP insurance programs that will greatly benefit your customers, and in turn, you.
Contact us today to learn more about our GAP insurance program.