Guaranteed Asset Protection
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Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection (GAP) can pay the difference between what you owe your lender and what your auto insurance covers. In the event of vehicle theft, or an accident that results in a total loss, most insurance companies only reimburse the owner for the market value of the car. Without Honda Care GAP you're at risk. For complete details please contact Honda of Columbia at 877-227-7957.
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GAP can protect you from unanticipated expenses.
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| Loan/Lease Balance |
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$22,000 |
| Insurance Settlement |
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$17,000 |
| GAP |
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$5,000 |
| Insurance Deductible |
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$500 |
| Potential Expenses |
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$5,500 |
| Honda Care GAP Pays |
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$5,500 |
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Out-of-pocket expense
with Honda Care GAP |
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$0 |
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Receive Total-Loss Protection
Because of common risks associated with theft, collision and natural disaster, the chances of your vehicle being involved in a total loss are greater than you think. You could be surprised by your financial responsibility for that vehicle. With Honda Care GAP you can be confident your deficiencies or deductibles will be paid off.
Honda Care GAP can:
- Protect new and used Honda vehicles; Honda Certified Used Cars and other used vehicles.
- Protect vehicles up to 10 years old.
- Provide a maximum benefit of $50,000.
- Cover your insurance deductible up to $1,000.*
*Coverage varies by state. Honda Care GAP is not available in New York. Insurance deductible coverage may be limited by state. Please refer to your Honda Care GAP contract waiver or policy for details.
How to Get Honda Care GAP...
When financing your Honda or other used vehicle through Honda Financial Services, Honda Care Gap can be included in your monthly car payment or paid as a one-time fee. Ask us how Honda Care GAP from Honda Financial Services can protect your investment today!
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