Deductible Reimbursement Insurance
If you have GAP coverage and your vehicle was damaged during the Derecho, don't forget to use your Auto Deductible Reimbursement.
Auto Deductible Reimbursement Insurance, a part of the GAP policy, helps cover out-of-pocket expenses, such as your insurance deductible, when you have an accident or mishap with your vehicle.
- Pays up to $500 per loss when a claim is filed and paid with your primary insurance carrier.
- Loss is defined as an event for which the auto insurance company has approved & paid a claim which exceeds the Covered Auto Deductible for a collision or comprehensive claim.
- Coverage is effective upon the date of enrollment and will continue for three years.
Not only does this insurance cover deductibles for the vehicle you have a loan on but it will also reimburse you for insurance deductibles that you have to pay on all other vehicles, as long as those vehicles are titled in the same person’s name that is listed on the GAP policy.