Gap Insurance for RVers
Life is full of risks, both good and bad, and that’s what keeps it exciting! The possibilities that coincide with being an RV owner can be burdensome at times. Alleviate the financial risks of your RV investment by having a buffer like Gap Insurance. Gap Insurance is the difference between the actual cash value of your vehicle and the loan at the time it was stolen or totaled. In the adverse incident that something detrimental occurs to your RV, the difference in value will be covered by Gap Insurance.
How GAP Insurance Works
Those of you that can pay the cash value for your motorhome, kudos! The more common alternative is to take out a loan to aid your financial investment.
Picture this: you purchase your new rig in the summer and suddenly winter hits. The issue is, you didn’t realize you needed to winterize your rig and now the water pipes have burst and the water damage is irreparable. The necessary repairs result in thousands of dollars and overnight, you must figure out how to pay off the remaining loan and fix your RV.
The outstanding balance of your loan, which is what we call the “gap,” could total thousands of dollars. Gap Insurance provides total loss coverage and saves the day. Services such as American Guardian's Gap Insurance, as you can imagine, will save you from owing several thousands of dollars.
Protect Your Credit
Now that you’ve imagined the worst that could happen to your RV, gap insurance is probably sounding like the smart choice. Please know our intention is not to scare you, rather we view our customers as an extension of our family and want our customers to be prepared. Certified AGWS dealers, like ourselves, can enroll you in the total loss coverage plan.
The owner's philosophy at Beaver Coach Sales is that through programs like Smart Dollar, everyone should be able to get out of debt within 7yrs (excluding your mortgage.) We highly recommend Gap Insurance to customers because it always pays to be proactive.
To learn more about GAP protection for your RV, visit our website at beavercoachsales.com or call 855-285-8235 and set up a time to speak with our finance department.