What is GAP Protection?
“GAP” is short for Guaranteed Asset Protection, but it also describes the financial exposure you could incur should your vehicle become stolen or involved in an accident that results in a total loss. Most insurance companies only reimburse to the owner for market value of the vehicle. Your loan or lease balance may be more than your insurance settlement.
Alone with your insurance deductible, this “GAP” in coverage becomes your financial burden. Our GAP Protection program provides protection for up to 150% of the retail value of your vehicle.
Because of rises associated with theft, collision and natural disaster, the chances of your vehicle being involved in a total loss are greater than you may think. GAP Protection provides you with the peace of mind and confidence that your financial exposure is minimized for up to 84 months.
