Does your PDI include GAP coverage?
Most Physical Damage Insurance (PDI) policies settle claims on an Actual Cash Value basis, which can expose your customers to financial loss if the insurance payout on a total loss is less than the outstanding balance on their loan or lease. GAP coverage can bridge that difference, ensuring equipment owners aren’t left paying off a loan on equipment they no longer own because of an insured loss.
Our SEIS PDI policy offers a GAP coverage extension on qualifying PDI policies, providing customers who buy or lease new equipment more peace of mind that their investment is protected by best of class insurance.