WEBVTT

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Sometimes, surprises can be fun.

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Other times, not so much.

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Like when life happens to your car

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and your insurance declares your vehicle a total loss.

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No matter.

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Insurance pays out the current worth of your vehicle

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which usually isn't enough to cover your remaining loan balance

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to pay it off.

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But if you purchased gap insurance,

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that doesn't have to be the case.

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See, gap covers the difference between what you paid for your car

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and what your car is now worth minus the deductible.

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And if there's any leftover after paying off your loan,

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it goes in your pocket.

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However, gap payouts do not get applied towards things on your loan

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like late fees, extended maturity interest, and NSF charges.

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If those have been applied, you'll need to cover them yourself

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to finish your obligation.

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Gap is usually purchased at a small monthly cost.

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It can be well worth it for the peace of mind alone.

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If you have questions, we're here to help.

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Call your Arivo representative today

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to see if gap insurance is right for you.

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Arivo Acceptance, helping good people build better credit.