protect your investment with loss deficiency’s gap ...€¦ · total out of pocket expense to you...

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GAP INSURANCE LOSS DEFICIENCY SURETY INSURANCE COMPANY, INC. P.O. Drawer 83480 Baton Rouge, LA 70884 Telephone: 225/769-9923 800/272-8000 DON’T GET CAUGHT… PROTECT YOUR INVESTMENT WITH LOSS DEFICIENCY’S GAP INSURANCE POLICY. Owing money on a vehicle you no longer own or can drive!

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Page 1: PROTECT YOUR INVESTMENT WITH LOSS DEFICIENCY’S GAP ...€¦ · TOTAL OUT OF POCKET EXPENSE TO YOU WITHOUT GAP INSURANCE $5,000 SAVINGS WITH GAP INSURANCE* GAP SETTLEMENT $5,000

GAP INSURAN

CE

LOSS DEFICIENCY SURETY INSURANCE COMPANY, INC.P.O. Drawer 83480

Baton Rouge, LA 70884Telephone: 225/769-9923 800/272-8000

DON’T GET CAUGHT…

LDSICLDSICPROTECT YOUR

INVESTMENT WITH LOSS DEFICIENCY’S

GAP INSURANCE POLICY.

Owing money on a vehicle you no longer own or can drive!

Page 2: PROTECT YOUR INVESTMENT WITH LOSS DEFICIENCY’S GAP ...€¦ · TOTAL OUT OF POCKET EXPENSE TO YOU WITHOUT GAP INSURANCE $5,000 SAVINGS WITH GAP INSURANCE* GAP SETTLEMENT $5,000

LDSIC GAP INSURANCE

There could be a big difference between what your insurance company will pay and what you owe on your loan.

Most insurance companies only pay the actual cash value of a vehicle if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss. You are still liable to pay any difference, or the “GAP” between your insurer’s settlement and your net loan balance.

YOU CHOOSE:YOU CAN PAY THE DIFFERENCE

OUT OF YOUR POCKET OR

LET LDSIC GAP INSURANCE HELP PAY THE DIFFERENCE

Gap coverage that could pay the high-cost difference between your primary insurance settlement and your net loan balance.

LDSIC“GAP INSURANCE”

This is a general description the Loss Deficiency’s Gap Insurance. This brochure is not a contract. For a complete explanation of benefits, conditions and exclusions please review the actual LDSIC policy.

All examples and graphs are for illustration purposes only and are not based upon your actual loan or lease.

Insurance Pays$15,000GAP

$5,000

LOAN/LEASE PAYOFF $20,000

INSURANCE SETTLEMENT $15,000($15,500 LESS $500 DEDUCTIBLE)

TOTAL OUT OF POCKETEXPENSE TO YOUWITHOUT GAP INSURANCE $5,000

SAVINGS WITH GAP INSURANCE*GAP SETTLEMENT $5,000

OUT OF POCKETEXPENSE TO YOUWITH GAP INSURANCE $ 0

*LDSIC Gap Insurance covers your deductible up to a maximum of $1,000.00. Gap does not cover any late or delinquent payments.

$25,000

$20,000

$15,000

$10,000

$00 12 24 36 48 60 72

Loan/Lease Payoff

Actual Cash Value

Loan/Lease Terms

GAP