GAP Insurance Coverage

Guaranteed Asset Protection commonly referred to as GAP Insurance

In the event your vehicle is declared a total loss by the insurance company, your insurance company pays its interpretation of the value of the vehicle. You remain responsible for the difference between your insurance company's settlement and the balance of your automobile loan. The difference can be thousands of dollars depending on your financing.

Example following a total loss: 
$15,000 - Auto loan balance 
$10,000 - Insurance settlement
$5,000   - Balance covered by GAP insurance

GAP insurance will pay off the difference (up to $50,000) on loans up to 84 months.

The cost for a loan up to 48 months is $399 and increases for additional years of financing.

If you have financed your vehicle, this coverage will give you peace of mind, in the event of a total loss.