Search
Close this search box.

It’s Electric! (With a Shocking Claim)

Claim Reviews

Here’s 21,000 reasons to ensure your next vehicle loan has Frost GAP.

White Tesla Total Loss

This 2018 Tesla Model X retained a book value of $68,675 in December of 2022, respectable, given its age and showing how Tesla EVs tend to hold value well. The Lender provided a 72-month loan at 101% LTV, with a Frost GAP waiver on the loan.

All was great for the owner until the vehicle was rear-ended in August of 2024. At this point, JD Power retail and CCC valued the car at $28,600. Yes, that’s a 58.35% depreciation in just 19 months. On top of that, the repairs were found to cost more than the car’s value, which means it was declared a total loss. Thankfully, once again, the borrower had Frost GAP, which covered the difference between that value and the remainder of their loan for a $21,387.61 claim!

Discover how Frost GAP can help your members save after unexpected events, too!

Schedule a GAP Analysis

Get your complimentary

GAP Analysis

Let the industry veterans at Frost give your GAP program an annual checkup. With a “no sales-pitch promise”, it’s quick and easy!

Register for your free GAP program analysis now.

Thanks for requesting a GAP Program Analysis!

Here’s how the process will work:

  1. You will receive an email in a few moments confirming the request.
  2. A GAP specialist from our team will reach out to you by email to discuss any NDAs or other documents necessary for everyone’s security. (Make sure you whitelist *@frostinsure.com so you get all our messages!)
  3. Program information will be shared and we will conduct our analysis. Upon completion, we will schedule a mutually-agreeable time to review the findings.
  4. Want to dig deeper on VisualGAP? Let’s get everyone involved in the decision making process into a session. Feel it’s not for you at this time? That’s ok. We appreciate your honesty and thank you for your time and trust.

Questions? Give us a call at 888-753-7678.