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Guaranteed Asset Protection (GAP)

Because accidents and theft can happen.

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Or call 1-800-621-2105

Guaranteed Asset Protection (GAP)

Covering the gap between what you owe and what your car is worth.

In the event your vehicle is “totaled” or stolen, your primary insurance company settlement can be significantly less than the outstanding balance on your loan or lease. This may create a deficiency balance or a "gap" resulting in a serious financial hardship for you. Guaranteed Asset Protection (GAP) covers the loan balance that your primary insurance carrier did not cover.

KEY FEATURES

  • Eliminates the out-of-pocket expense for the remaining loan balance after loss settlement1
  • Covers primary insurance deductible up to $1,000 (not available in all states)
  • Protection is provided for the term of your auto loan — up to 90 months
  • Available for new and used auto purchases — no model, mileage, or year restrictions
  • Has a 60-day money-back guarantee

GAP ADVANTAGE

GAP Advantage is add-on coverage that pays an additional $1,000.00 toward the purchase or lease of a replacement vehicle. Learn more.

  1. 1 GAP may not cover late or skipped payments, prior damage to the vehicle, or any amounts paid directly from the insurance company to the customer.