STARS GPS is proud to offer a remedy and protection like no other. This Warranty is offered to cover Theft and Skip. Below is a summary of how your asset is protected like never before. Covers your vehicle in the event your customer defaults on their contract payments. A payment default occurs and creates delinquency when a payment is not made upon the due date. This Warranty is designed to allow for and consider that, a working relationship may exist between you and your customer with respect to partial payments made on their account, and recognizing that you are trying to allow the customer to ‘catch up’ on their delinquency. Default occurs when a payment is one dollar late. For the purpose of this Warranty, default is defined as no payment having been received for 30 days that is not at least 25% of the regular payment amount owed. This time period for the measurement of delinquency is crucial. Do not allow your customers' payments to fall below this without initiating a claim.