JACO is adding GAP Insurance for most of our loans!
In the event of a total loss, your primary insurance carrier covers the value of the vehicle less your deductible, leaving you to pay any remaining balance on the loan. Without GAP protection, you could be faced with the burden of paying off your loan on a vehicle that you are no longer able to drive.
We are now offering GAP Insurance.
In most cases, CAP will pay off your remaining balance owed after your primary insurance company pays their part.
If you replace your totaled car with a new auto (within 90 days) and you are carrying GAP Insurance, GAP will give you $1,000 to go towards your payment if you use JACO as your lender on the new purchase.
If you are interested in adding GAP to an existing loan you have with JACO or a loan you have with someone else, please contact our office at 318-255-9101.