When you finance a truck or trailer, its value will depreciate over time. If the unit is stolen or destroyed, you could be left owing a substantial amount of money. You need protection against the "GAP" - the difference between the actual cash value covered by your insurance company and the balance you owe.
Vehicle classification based on Gross Vehicle Weight (GVW)
The amount paid on any one claim shall not exceed $50,000 in total.
Programs available with up to 105%, 115%, or 150% of MSRP or NADA Truck Retail value depending on vehicle type.
The length of coverage on Loans or Leases for Light, Medium, or Heavy Trucks is up to 84 months.