Theft or accident involving your new Motorhome, RV/Camper, or Horse Trailer w/ Living Quarters can leave you in a tough financial bind, faced with owing thousands of dollars AFTER your primary insurance settlement.
Here’s why: If your RV or other personal recreational unit is totaled due to accident or theft, the settlement value that your insurance company places on it may be a lot less than its actual retail value – and considerably less than the actual amount you owe on your loan at the time of the loss. When you add the deductible payment on top of the gap between what your insurance company pays and what you are financially responsible for you can be left owing literally thousands of dollars.
We’ll be happy to get you a Gap Insurance quote when you apply to finance your recreational unit and, if you want, finance your coverage by including the premium in your loan.
Southeast Financial’s Gap Insurance erases the financial gap between your primary insurance company’s settlement and the loan or lease payoff. Plus it also covers your deductible. As an example, let’s say that your RV is unfortunately totaled or stolen:
|Your loan payoff||$30,000|
|Your RV’s actual cash value||$26,000|
|The First GAP||$4,000|
|The Second GAP||$500|
|Your insurance settlement||$25,500|
|The Total GAP||$4,500|
The last thing you’d want to do is dig into your pocket even further to cover a loss and continue to make payments on the recreational unit you no longer own. Instead protect yourself from this GAP.
Southeast Financial is your one source for recreational unit GAP insurance, warranty, and financing. Cover your RV or horse trailer comprehensively – and put your mind at ease. You can choose from a complete package of insurance/warranty products from Southeast Financial—in addition to financing your unit. Or purchase the Insurance coverage you need, separately, on an existing unit without financing through us:
Make Sure you’re Always Covered with Motorhome Gap Insurance
Southeast Financial offers motorhome gap insurance plans for mere dollars per month, so you never have to worry about any gaps in your insurance. A serious accident or theft involving a motorhome can be incredibly financially draining. In many cases, the owner still owes a big chunk of money after they’ve received an insurance settlement. A motorhome gap insurance policy from Southeast Financial will prevent such unfortunate circumstances and keep you covered through any accident involving your recreational vehicle.
If you think you don’t need a motorhome gap insurance company to protect you and your investment, you may want to consider this common scenario. Say you’ve been making payments on a motorhome, but still owe tens of thousands of dollars when you are involved in a serious accident that leaves the vehicle totaled. The insurance company may decide your motorhome is worth much less than its true retail value, so the settlement you receive is lower than what you still owe on your loan. You’ll also be responsible for paying a deductible on top of the difference between the insurance settlement and the remaining loan balance.
Contact us today for a Motorhome Gap Insurance quote and protect your investment. We can even combine the motorhome gap insurance premiums with your loan so you are only responsible for one easy monthly payment. We also offer Motorhome extended warranties so you can take care of all your motorhome purchase and protection needs in one place.
Don’t Fall into the Gap: Cover Your Investment with RV Gap Insurance
The RV gap insurance plans from Southeast Financial are designed to protect you in circumstances such as serious accidents and thefts, where your primary insurance may not be enough. You could potentially be left owing thousands of dollars even after receiving an insurance settlement if your recreational vehicle is stolen or totaled in an accident. For just a few dollars a month, though, you can have an RV gap insurance policy to cover all your losses in the worst-case scenario.
The purpose of RV gap insurance is to protect you in the worst of unexpected situations. Say, for example, your recreational vehicle is stolen or totaled in an accident when you still owe $30,000 on the loan. The primary insurance company, however, might decide that the vehicle is only worth $26,000. That means you will still owe $4,000 to repay the loan, in addition to the insurance deductible (typically around $500), without any RV to show for it.
Contact us today for RV gap insurance quotes and protect this big investment you’re making in the event of any unforeseen and unfortunate circumstances. We can provide the ideal supplemental coverage so you won’t be left paying for a recreational unit you no longer own. In addition to RV gap insurance, we also provide extended warranties, and we can even combine your premiums with your loan so you pay one convenient, monthly amount.
Ease Your Mind with a Horse Trailer Gap Insurance Policy
If you think you don’t need horse trailer gap insurance, think again. While a primary insurance policy should cover the personal injury and property damage following a horse trailer accident, it may not cover you if your trailer is stolen or totaled. You could be left liable for thousands of dollars to your lender in addition to the insurance deductible even though your horse trailer is gone. You need the protection of a horse trailer gap insurance company to be sure you’re covered in these unfortunate and unforeseen circumstances.
Southeast Financial offers horse trailer gap insurance plans that will keep you from having to empty your bank account to finish paying for a trailer that has been totaled or stolen. We can even combine the gap insurance premium with your monthly loan payments. Whether you’re purchasing a trailer with or without living quarters, new or used, from a dealer or a private seller, we have you covered. In addition to horse trailer gap insurance, we also offer extended warranties, so we can be the one-stop shop for all your financing and protection needs.
This is a big investment you’re making, and it’s more than worth the few dollars it takes every month to protect it. We can provide horse trailer gap insurance quotes along with your financing decision, so you’ll be ready to move forward with ease.