What is “GAP” protection?
GAP stands for Guaranteed Asset Protection. With our coverage, you can rest easy knowing you’re protected in the shocking situation of vehicle loss. If your car is declared a total loss due to an accident, theft, or natural disaster, you can protect yourself from the financial burden of an existing “gap” between the value of your car and the balance on your loan.
What does GAP cover?
GAP coverage protects you by waiving the difference from your remaining loan balance and what the insurance company will pay.