What could have been an expensive joyride…

The owner of this SUV reported it stolen in February 2024. The vehicle was recovered, but deemed a total loss, despite only minor damage.

The loan started out with more than $10K of negative equity. To make the owner’s situation even worse, the primary insurance carrier provided a settlement far below that.

Fortunately, for the owner of this SUV, he purchased Frost GAP with his loan and the entire balance of $21,778.33 was waived!