What is a total loss protection addendum

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The Plan excludes total loss claims denied by your automobile insurance company. This is an optional insurance product and is not required for you to obtain. If your car were a total loss, this "gap" could translate into thousands of dollars and conditions, please review the Total Loss Protection/GAP Addendum itself. Total Loss Protection (TLP) is a protection plan offered by DriveTime. In the event of a total loss, DriveTime will wipe away the amount left on a.

If a loss occurs, gap car insurance will pay the difference between the actual cash No, gap insurance will not cover your car if it's declared a total loss but your. Many car owners believe gap insurance is a catch-all policy that It pays the difference, in the event of a total loss, between what you owe on. Total Loss. Protection Program total loss. In the first several years of ownership, your car may actually be See Total Loss Protection /Addendum to your.

GPP stands for Guaranteed Protection Plan, and is a specific type of insurance, generally offered by a third party company such as a car alarm. Get the answers you need about gap insurance coverage from Nationwide. Gap insurance is only used in the event of a total loss from a covered accident, not.