Guaranteed Asset Protection (GAP) insurance is optional protection for individuals who finance a new or used vehicle. GAP insurance coverage protects against financial loss in the event of total loss or unrecovered theft.
Benefits of GAP include:
- Can be easily included in the amount financed and takes effect immediately
- Covers the “gap” between the value of your investment and the amount you still owe
- Covers the owner's primary insurance deductible - up to $1,000
- Protection from a potential loan deficiency
- Peace of mind knowing that your vehicle investment is secure
us to add GAP to a new or current loan.