Your auto insurance often does not cover everything! Gilmer National Bank now offers GAP Insurance to help you with these unfortunate costs. Should your vehicle be deemed a total loss due to an accident or theft, your auto insurance policy will usually only cover the actual cash value of your vehicle less a deductible. This settlement could be significantly less than the amount owed to the bank. The result is a financial gap where you are responsible for the remaining balance. This could mean hundreds or even thousands of dollars out of your pocket.
To inquire about GAP Insurance contact a lending officer today.