GAP COVERAGE

The value of a vehicle depreciates the minute you drive it off the lot. If you are financing or leasing your vehicle and it gets totaled in an accident, you may owe more than the vehicle is worth (which is the maximum amount you can recoup from basic auto coverage).

Loan/lease gap coverage pays the difference between the actual cash value of your vehicle and the unpaid balance on your loan or lease if your vehicle is totaled due to a loss covered by your comprehensive or collision insurance. For instance, if your car is worth $10,000 at the time it gets totaled in a covered incident, but you still owe $15,000 on your loan or lease, loan/lease gap coverage will pay off the remaining $5,000 so you don't have to settle the balance out of pocket.  Loan/lease gap coverage does not cover carry-over balances, lease penalties, overdue payments or extended warranties. Also, you must be the original owner of the financed or leased vehicle, and the car must be purchased from a new car dealer — not a previous owner — to be eligible for this coverage. Your New England Family  Saving & Service Specialist can help you understand your policy limits and select the amount of coverage that's right for you.

3 WAYS YOU SAVE WITH NEW ENGLAND FAMILY

MONEY

TIME

HASSLE

1WE MAKE IT EASY TO SAVE

Our Team of Professionals take the confusing, time draining insurance buying process and make it simple to find the right coverage's at the best price.

2. YOU'LL NEVER HAVE TO SHOP FOR INSURANCE AGAIN

New England Family eliminates the need to ever have to shop around for insurance again! With our Renewal Re-Rate program ™ we do it for you. Automatically every year we compare multiple top-rated carriers, to get you the best rate today and every renewal to come.

3WE TREAT YOU LIKE FAMILY  THE FAMILY YOU GET ALONG WITH ;) 

We will provide you with a customer experience that raises your expectations to a level that won’t be met by our competitors. No excessive fees, no bait and switch and client’s needs come first! These simple ideas represent New England Family’s core values.  In the end, this means More Savings and Better Service for our clients, Period.

CONTACT US

EMAIL: INFO@NEWENGLANDFAMILY.COM
TEXT US :
508.840.4691
​PHONE:
508.672.2997
​FAX: 508. 677.3058

Copyright 2019 New England Family Insurance & Financial Solutions, Inc. All Rights Reserved. For more information feel free to contact us