Gap insurance is a valuable form of coverage that many people are unfamiliar with, but can be an invaluable resource in certain situations. Does Prestige Financial Services offer this kind of coverage? In this article, we will explore the different types of gap insurance offered by Prestige Financial Services and what makes them different from other providers.
We will also discuss the various coverages available and why it’s important to shop around for the best rates. Whether you’re in the market for gap insurance or just want to know more about it, this article has all the information you need!
What is Prestige Financial Services?
Prestige Financial Services is an auto financing company that offers gap insurance to customers. Gap insurance pays the difference between the balance of your loan and the actual cash value of your vehicle in the event that your car is totaled or stolen. This type of insurance is beneficial for customers who have a loan on their vehicle and would otherwise be responsible for paying the entire balance of the loan if their car was totaled or stolen.
What Does Prestige Financial Services Offer?
If you’re looking for a reliable and affordable provider of gap insurance, you may be wondering if Prestige Financial Services offers this type of coverage. Here’s what you need to know about Prestige Financial Services and gap insurance.
Prestige Financial Services is a leading provider of auto financing and insurance products. They offer a wide range of gap insurance products to meet the needs of their customers. Gap insurance is an important type of coverage for anyone who financed their vehicle through a loan or lease. If your vehicle is totaled or stolen, gap insurance will pay the difference between the balance of your loan or lease and the actual cash value of your vehicle.
Prestige Financial Services offers several different types of gap insurance, including:
– Return to Invoice Gap Insurance: This type of coverage pays the difference between the balance of your loan or lease and the original purchase price of your vehicle.
– Finance Gap Insurance: This type of coverage pays the difference between the balance of your loan or lease and the actual cash value of your vehicle at the time it was totaled or stolen.
– Lease Gap Insurance: This type of coverage pays the difference between the balance of your lease and the actual cash value of your vehicle at the time it was totaled or stolen.
Does Prestige Financial Services Offer Gap Insurance?
Prestige Financial Services does offer gap insurance to customers who finance their vehicles through the company. Gap insurance is designed to cover the difference between the amount owed on a vehicle loan and the actual cash value of the vehicle in the event that it is totaled or stolen. This coverage can be beneficial for customers who have a loan with a high interest rate or who are financing a new or expensive vehicle.
How to Get Gap Insurance from Prestige Financial Services
If you’re looking to add gap insurance to your auto insurance policy, Prestige Financial Services has you covered. Here’s everything you need to know about getting gap insurance from Prestige Financial Services.
What is gap insurance?
Gap insurance is an optional coverage that helps pay off your car loan or lease if your vehicle is totaled or stolen and you owe more than its depreciated value. In other words, it bridges the “gap” between what you owe on your car and what your car is actually worth.
Why do I need gap insurance?
If you have a loan or lease on your car, gap insurance can help protect you from owing money on a vehicle that’s no longer drivable. It’s important to note that most standard auto insurance policies don’t cover the full value of your car, so gap insurance can be a valuable addition to your policy.
How much does Prestige Financial Services charge for gap insurance?
The cost of our gap insurance coverage depends on factors like the make and model of your vehicle, but typically starts at $20 per year. Contact us for a quote specific to your vehicle.
Conclusion
To sum it up, Prestige Financial Services does offer gap insurance to its customers. If you are considering purchasing a vehicle and want the added protection of gap insurance, then Prestige Financial Services is certainly one option that should be considered.
With their competitive rates and excellent customer service, they can help you make sure your car purchase is protected in case of an accident or other incident involving your car. Don’t hesitate to contact them today for more information about their Gap Insurance options!
