Anico was contracted to provide a GAP insurance policy for my auto loan. Upon suffering a total loss of the covered vehicle, Anico paid approximately $600 against a $6000 balance. They claimed that the $5400 delta was because I had taken advantage of a handful of skip a payment features offered by the lender, and that this offset the amortization schedule, resulting in the reduction in coverage. They, of course, blamed the dealer who sold me the policy for not explaining the coverage limits. However, the policy clearly states that it will pay up to 150% of the NADA retail value of the vehicle, while not covering late payments and associated fees. In short, STEER CLEAR OF ANICO.