In the event of a full equipment write-off, there may still be a substantial amount owing to your finance company. Once you factor in the depreciation and financing costs the amount you owe could be 30% more than what you collect from the insurance company.
From: $12.50 /month
- Lump sum payment payable in the event of a write-off due to a traffic accident
- Up to $30,000 to cover your GAP
- Up to $30,000 to cover your down payment
- Includes $5,000 deductible reimbursement