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Protect your investment.

Life is unpredictable and must have protection in place.

GAP Insurance
$499One TimeFixed payment - no surprises

Typical car insurance covers damage and theft. But what if your loan is more than the value of your vehicle? Pii Fund’s GAP Protection covers that difference.

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Debt Protection
$499+Payment coverage up to $2,500

Life is unpredictable. With Pii Fund Debt Protection, your family’s financial security is protected in the event you’re unable to make timely payments up to 6 months.

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Start protecting your asset now.

How does GAP work?
GAP will waive the difference between what the insurance company paid (ACV-actual cash value) and the loan amount, if the loan amount is higher. For example:

Insurance Settlement
Vehicle ACV $11,000
Deductible $500
Insurance Settlement $10,500

Loan Settlement
Outstanding Loan Balance $15,000
Insurance Settlement $10,500
Loan Balance After Insurance Settlement $4,500

In this example, GAP will pay $4,500 to cover the remaining loan balance deficiency.

How much does GAP cost?
Our GAP insurance cost is $499 and can be rolled into your final finance amount.

New or used vehicles: maximum eligible loan amount $100,000.
Maximum loan term: 84 months.
Maximum GAP loss: $50,000.

How does Debt Protection work?
In the event you lose your job due to to covered circumstances, Debt Protection will cancels up to 6 months of monthly car payments and a total of $2,500 per occurrence.

Example:
Car payment: $399
Coverage Amount: $2500
Months of Payments: 6

Car Payment: $499
Coverage Amount: $2500
Months of Payments: 5

How much does Debt Protection cost?
Our Debit Protection cost is calculated based on the term of your loan and can be rolled into the final finance amount.

0-36 Months: $499
37-60 Months: $549
61-84 Months: $599

How do I qualify for Debt Protection?
In order to qualify for Debt Protection you must first be current on your car payments with Pii Fund and provide proof of job loss.