GAP – Guaranteed Asset Protection
Drive with Confidence
Every year, more than 6 million auto accidents occur in the U.S., and the average GAP exposure exceeds $4,800. Protect yourself from financial loss if your vehicle is ever declared a total loss.
Is GAP Coverage Right for You?
GAP protection is ideal if:
You’ve leased or financed your vehicle
You made a down payment of 20% or less
What GAP Protection Does
If your vehicle is totaled in an accident, insurance usually covers only its current market value—not the full amount you owe. That unpaid balance becomes your responsibility.
GAP coverage pays the difference between your insurance settlement and your loan or lease balance, helping you avoid thousands in unexpected costs.
Key Benefits
Covers up to $100,000* of the remaining balance
Includes up to $1,000 toward your insurance deductible
Protects your investment for the entire loan or lease term
Maximum benefit payable for RV or watercraft GAP is $50,000.
Exclusions may apply. Some items such as past-due amounts or over-financed totals may reduce the payout amount.
Example
If you owe $31,000 on your loan and your insurance settlement after deductible is $26,000, you’d still owe $5,000. GAP protection would cover that difference.
Available For
Automobiles
Light Trucks
Vans
Motorcycles
ATVs
Snowmobiles
Motor Homes
Travel Trailers
Personal Watercraft
Boats
Important Notice
This overview is for general informational purposes only. Coverage details, limits, and availability vary by state and contract. Please refer to your individual agreement for exact terms and exclusions.