Guaranteed Asset Protection (GAP)Contact Us
Buying that new car is a great feeling but we all know that depreciation on a vehicle happens rapidly. Typically speaking, after the first year of owning a new vehicle, the outstanding loan balance is greater than what your vehicle is worth when depreciation kicks in. Protecting your vehicle with GAP could save you hundreds or even thousands if your vehicle is totaled or stolen. GAP is designed to eliminate the difference between what your vehicle is worth and what your loan balance is in the event the vehicle is totaled or stolen.
Other Benefits Include:
- One-time fee
- Available to purchase anytime during the life of the loan
- No time limit on claim submission if vehicle is declared a total loss
- Applies to new and used vehicles, motorcycles, RV’s and personal watercrafts