IAS GAP Protection

GAP Protection pays the difference between actual cash value and loan balance if a customer's vehicle is stolen or totaled in a collision. When a vehicle is purchased on an extended term financing program with little or no down payment, a negative equity loan position is created. This produces significant exposure for your customers who are at risk to pay the difference between the insured value of the vehicle and the current loan balance in the event of a total loss. IAS Experience

For decades, IAS has effectively negotiated with multiple insurance companies with A and A+ rating to ensure a stable protection program with the lowest possible rates, reliable coverage for your customers, and maximum profits for your dealership. enefits of IAS GAP Protection

• Dealership profit from the sale of a valuable F&I product as well as increase customer satisfaction.
• Customers avoid a financial obligation during a stressful time when money is needed for a replacement vehicle. A one-time charge for IAS GAP Protection is usually included in a customer's monthly payment and is paid at the time of financing.
• IAS State-of-the-art administration and claims payment is supported by fast and friendly customer service.

IA customer Benefits

• All risk protection
• Protection is provided for the term of your loan/lease
• Up to 84 months
• Protection is applicable for vehicles valued up to $75,000.00 at time of purchase
• Benefits paid up to $50,000 with deductible coverage up to $1000 IAS GAPII Customer Benefits
• All of the same benefits of GAP I plus Gap II also includes a $1,000 discount allowance from the issuing dealer