Gap Protection

GapPROTECTION

  • A valid DOT number is required to sign up.

  • No additional hardware or software required. Drivers can link Load Finder with their existing ELD and TMS systems for the best load outcomes.

  • Load Finder is mobile-friendly and equally easy to use on a laptop/desktop.

FAQs What is Load Finder?

Load Finder is a digital tool for Mack’s highway products - Mack Anthem™, Mack Pinnacle™, Mack Pioneer™ - that gathers information from multiple broker and shipper load boards, presenting the best-fit loads based on the driver’s primary hub location, truck location, load price, and predicted routes. Designed to revolutionize how freight carriers find and book one- time/spot loads, it helps maximize profits, streamline workflows, and reduce empty miles. Supports owner-operators and fleets of all sizes, making it a flexible solution for a broad range of users.

Benefits

Why purchase truck gap insurance?

For several months after you buy your truck, it will depreciate faster than you pay down your loan, creating a ‘gap’ between the value of the truck and the loan balance. Gap Protection covers the financial gap between your primary insurance company’s settlement on a total loss or unrecovered theft and the remaining balance of your loan.

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GAP Protection

GAP Protection covers the gap between the Actual Cash Value of your truck or trailer and the remaining loan balance in the event of a total loss or unrecovered theft

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GAP Protection covers

Primary insurance deductible up to $2,500, where allowed by law

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Loans may be covered up to:

$85,000 and 60 months

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Low monthly cost

Truck driving on a highway through the grasslands

Example of Gap Protection

  • Loan Term 60 months

  • Loan Amount $40,000

  • Loss Occurs 12 months

Insurance Settlement

  • (Actual cash value of vehicle) $29,600

  • Loan Balance $34,825

  • What You Still Owe $5,225

  • Potential Out-of-Pocket Expense $5,225

  • Gap Protection Payment to Lender $5,225

  • Your Net Cost $0

Commercial truck driving through the high desert.

Is Gap Insurance Right for You?

As with any insurance plan, gap insurance is a balancing act between risk, reward, and cost. Of course, there is the distinct possibility that you will pay into gap protecting and never use it. But on the other hand, there’s the chance that you could total a relatively new semi-truck or have it stolen and never recovered; depending on your truck’s value and your remaining loan balance, you could end up owing tens of thousands of dollars on a truck that no longer exists. Is this a risk that you can take with your career and your livelihood?

While gap insurance might be considered optional for commuters, it’s much more vital for truckers who rely on their semis for income. No work-from-home option or public transportation is available to help you do your job daily. You need your truck, and if you’re stuck paying out a loan for a truck that’s lost to you, it can feel impossible to afford a new semi to get you back on your feet.

Contact Arrow Truck Sales today to learn more about our gap insurance coverage and how it can benefit you.

Image of 3 arrow reps standing in front of parked semi trucks.

Interested in learning more?

The team at Arrow Truck Sales is here to serve you. If you’re interested in purchasing gap insurance, please don’t hesitate to reach out and we’ll be happy to answer any of your questions and get you on the path to true financial security.

Contact

Disclaimer

This information is not a contract. For a complete list of benefits and rules please request a copy of the Gap Waiver Election Form (or the Gap Certificate for loans in Texas). Deductible coverage is available in most states. Check with your Arrow representative to learn whether deductible coverage will apply to your loan. Administered by Berkshire Risk Services LLC. Arrow Truck Sales is not responsible for typographical errors.