GAP
Your financial safety net
Guaranteed Asset Protection (GAP) helps shield you from financial loss if your vehicle is totaled and your insurance payout doesn’t cover the remaining balance on your loan or lease. GAP may cover the difference between what your insurer pays and what you still owe, providing added financial security in a worst-case scenario.
Product Type: Financial Protection
Coverage details
See contract for full coverage details
Optional Coverages
Deductible Coverage
Additional coverage is available for your primary carrier policy deductible up to $1,000 in the event of a total loss.*
Commercial Use
Coverage is available for your vehicle if registered to a business or being used for business purposes.
GAP Plus Vehicle Replacement Provides a credit toward a replacement vehicle from the original dealer/creditor within 90 days of the waiver of the GAP amount.
*Total loss means direct and accidental physical damage loss to your vehicle or if your vehicle is stolen and not recoverable within 30 days
How GAP Works
