Preferred GAP
Life is unpredictable…take the worry out of unexpected life events that could happen during the term of your loan.
Preferred GAP provides protection in the event of a partial loss, constructive total loss or unrecoverable theft of the collateral, and rewards your loyalty when you finance the replacement collateral with us in the event of a total loss.
Preferred GAP is comprised of three very distinct benefits… Here they are:
Mechanical Breakdown Protection
What are my Options?
ASG offers a full complement of affordable coverage options. Our four levels are designed to protect your investment and reduce out-of-pocket expenses should a mechanical breakdown occur.
Protection from the Unexpected
Your vehicle is not only an investment, but also your transportation lifeline. ASG’s protection plan provides peace of mind knowing your investment is protected.
We go the Extra Mile …
Roadside Assistance
Emergency services include the following:
✓ Towing
✓ Lock-Out Assistance
✓ Fuel Delivery
✓ Flat Tire Assistance
✓ Battery Service
✓ Rental Vehicle
In the event of a covered mechanical breakdown, you will be eligible for alternate transportation according to the schedule in your contract.
Tire Road Hazard
If your vehicle’s tires are damaged due to a road hazard, you are eligible for repair of replacement throughout the life of the contract.
Trip Interruption
If a mechanical breakdown occurs more than 100 miles away from your home and results in a repair facility keeping your vehicle overnight, you are eligible for reimbursement of meals and lodging for up to three days.
Protect your vehicle:
Most costly mechanical and electrical failures occur after the factory warranty has expired. Avoid expensive repairs by protecting your vehicle with a Mechanical Breakdown Protection contract.
Please refer to your contract for specific limits and exclusions.
Auto Deductible Reimbursement
You will be reimbursed the deductible (up to $1,000) you incur when you file a claim on your comprehensive or collision portion of your primary auto insurance policy. It’s like having a zero deductible auto policy.
Guaranteed Asset Protection
Should your collateral be deemed a total loss and your primary insurance policy settlement is not enough to satisfy your loan balance…we will pay the difference between your insurance company settlement and your scheduled loan balance as of the date of loss.
Loyalty Benefit
If you experience a total loss and you finance your replacement collateral with the credit union within 90 days of the loss, we will credit your new loan with a $1,000 benefit. Please refer to your contract for specific limits and exclusions.
Debt Protection
Nobody knows what the future holds…we allow you to tailor a protection plan to fit your needs and budget. Packages may include Life, Disability and Involuntary Unemployment protection. Your loan officer will review the available benefits and how they can help safeguard you and your family from financial hardships.
Life
100% of the protected balance will be paid in the event of your death up to age 69. 25% of the protected balance will be paid after age 70.
Disability
If you are unable to engage in the significant duties of your occupation for at least 30 days, beginning on the 1st day you will receive your monthly protected payment for up to 12 months.
Involuntary Unemployment
If you become unemployed for at least 30 days, beginning on the 1st day you will receive your protected payment for up to 6 months. That protected payment cannot exceed $1,000 per month and benefits will be paid for up to 6 months. Please refer to your contract for specific limits and exclusions.