Loan Gap Coverage
With the purchase of "Loan Gap" the interest of the named insured can be protected up to the full amount of the original loan, subject to certain limitations, on an automobile that has not been previously titled. If requested, we will apply Automobile Loan Gap Coverage.
This provides coverage at the time of a covered theft or total loss when our insured is liable for an amount greater than the actual cash value of the automobile beacuse of the loan agreement.