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no gapextended
vehicle protection
All GAP Products are Not Created Equal … Matrix Warranty Solutions Presents NoGAP.
GAP vehicle insurance coverage is one the most essential, yet least understood products available to vehicle owners. The purpose of
Matrix’s NoGAP is simple…when your customer’s vehicle is totaled, NoGAP covers the difference between the insurance company’s
settlement and the remaining loan balance.
Vehicles depreciate over time. The amount an insurance company will pay out to settle a claim is usually less than what’s owed on the loan.
Once mark-ups, interest, sales tax and doc/title fees are included, the GAP is even larger. Most GAP products pay the difference between
the vehicle’s worth (actual cash value) and the remaining loan balance. This is not the case with NoGap. It pays the difference between the
primary insurance company settlement and the loan payoff amount, regardless of whether or not the insurance settlement is less than the
actual cash value of the vehicle. NoGAP also provides deductible coverage up to $1,000, as well as covering a past due payment.
Most vehicle owners think that if they total their vehicle, it’s going to be replaced at the amount they paid, or at least the amount they owe.
This, of course, is not so. The last thing your customer needs is to buy a replacement vehicle while continuing to make payments on a
vehicle they no longer own. If a loss occurs, NoGAP will pay the difference for them, protect their hard earned credit status and prevent
unnecessary financial hardship.
NoGAP is easy to market and your finance companies want it on their loans. Once your customers see how beneficial NoGAP is and how
low an impact it has on their loan payments, it should be the easiest aftermarket product to sell. Best yet, you generate impressive income.
NoGAP is the best fully-insured GAP product on the market. NoGAP offers exceptional features and benefits not found in other GAP products.
• Provides enhanced Actual Cash Value coverage, paying the difference between the primary insurance company settlement and the loan
payoff amount, even if the insurance settlement is less than the actual cash value*
• Provides deductible coverage up to $1,000, as well as covering a past due payment
* Refer to GAP contract for specifics
These Features, Along with Matrix Warranty Solutions’
Aggressive Pricing, Make NoGap the Way to Go!