Guaranteed Asset Protection

If your vehicle is ever totaled or stolen, your primary insurance will usually pay only the current market value of your vehicle, less your deductible. If the actual cash value is less than your current loan amount, the result could be a financial gap where you must pay the difference between your loan balance and your insurance settlement. This could mean thousands of dollars out of your pocket.

GAP Protection Insurance (Guaranteed Asset Protection) reimburses the difference between the current market value of your vehicle and the loan payoff, if that amount is greater.