Guaranteed Asset Protection (GAP)

If your vehicle is declared a total loss due to an
accident, theft, or natural disaster, your primary
insurance company may only pay you for the amount
equal to their assessment of the market value of
your vehicle at the time of the total loss, less your
deductible amount. Unfortunately, there may be a
significant “gap” between what your primary insurer
pays and the balance you owe on your vehicle finance
agreement.

The Guaranteed Asset Protection (GAP) product
may help protect you by waiving some or all of the
difference.