H-D® of Mason City Guaranteed Asset Protection
For many Harley-Davidson® owners, if their motorcycle is stolen and never recovered, chances are they will have to pay the GAP between their insurance company payout and the loan payment. Often H-D® owners assume that their primary insurance will cover any loss related to their motorcycle. In reality, the actual cash value that an insurance company places on your motorcycle may be less than the outstanding balance on your loan. Especially if you have a 48-month or longer loan term, put less than 20 percent down or financed accessories into your loan. Who pays the difference or the GAP between your insurance company and your loan payoff? You do! Unless you protected your purchase with the Harley-Davidson® Guaranteed Asset Protection!
The GAP Plan pays the difference between the fair market value of your vehicle and the outstanding balance of your loan on the date of loss up to $25,000.* Plus, your insurance deductible may be covered up to $1,000. With your loan balance paid in full and your deductible covered, you can move on to purchasing a new motorcycle. You will also receive $1,000 towards your next bike.