Guaranteed Asset Protection (GAP) closes the financial gap in protecting your current
and future vehicle investment. Should your vehicle be deemed a total loss due to
an accident or theft, your insurance policy is likely only to cover the actual market
value of your vehicle. Unfortunately, this amount is very likely to be less than
what you owe to your lender. When you have a financial gap, YOU must make up the
difference, which could mean thousands of dollars out of your pocket.
- Protection is available for vehicles up to $100,000 (MSRP/NADA)
- Waive GAP amounts up to $50,000
- Available for new or used vehicles and loans or leases
- Covers up to 120%/150% of MSRP/NADA value
- Deductibles of up to $1,000 are covered (except in AR)
Who can afford not to have GAPWise protection? Remember, an ounce of prevention,
equals a pound of cure. GAPWise gives you the peace of mind that the financial GAP
is covered and you are protected.