Who pays out your loan if you have a financed vehicle that is damaged beyond reasonable repair or stolen? AVEA Insurance has just the product.
Like most mechanical items we buy, a car’s value reduces from the very first day we purchase it. The principle amount usually remains high during the early period of the loan until we begin to get ahead of the interest.
In the event that the car is damaged beyond repair or stolen & not recovered the market value may be less than the amount still owed to your financier.
This difference we call ‘GAP’ and is why most customers choose this insurance option when arranging their standard loan because this GAP will get taken care of to a value of up to $15,000 and in addition pay up to $4,000 for any incidental out of pocket expenses.
Why choose Naritas to assist with your insurance needs: