Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection, or GAP, provides financial protection in the event of a total loss due to theft, accident or even a natural disaster. In some cases, there may be a loan balance remaining once your primary insurance company settles the loss claim – GAP offers protection by waiving this difference.
Available For:
Benefits
Coverage for the difference between what is owed at the time of loss and the insurance company settlement or value of the vehicle at the time of loss.
Other benefits include:
- Up to $1,000 primary insurance deductible coverage
- Optional $1,000 GAP Plus benefit for automobile replacement
Additional Information
•GAP coverage and available options may vary by state/lender
Available For:
Benefits
Coverage for the difference between what is owed at the time of loss and the insurance company settlement or value of the vehicle at the time of loss.
Other benefits include:
- Up to $1,000 primary insurance deductible coverage
- Optional $1,000 GAP Plus benefit for automobile replacement
Additional Information
•GAP coverage and available options may vary by state/lender
