What is Guaranteed Asset Protection?
If your vehicle is totaled or stolen and considered a total loss, GAP covers all or most of the difference between what you owe and the amount of your primary insurance settlement.
Better Protection. Better Peace of mind.
- 6.2 million vehicles are totaled or stolen every year.
- A vehicle is stolen ever 26.4 seconds.
Why do you need GAP insurance/Asset Protection Plan?
- Financed your vehicle for more than 48 months.
- Rolled debt from your prior loan into your new loan.Â
Benefits of GAP:
- Covers amounts due to negative equity.
- Pays up to $1,000Â of the primary insurance deductible*
- Provides coverage for the full term of you loan/lease, up to 84 months.
- Reimburses up to $50,000 of your outstanding loan balance.
- Provides protection even if you lose your primary insurance coverage.
- Protection for New and Used Vehicle (<15,000 GVM): no restrictions on vehicle make, model, or year.
*Except as limited by program or state provisions.
Why choose GAP Insurance?
- Great value at low cost.
- Industry-leading coverage.
- Benefits backed by the financial strength of an A-rated carrier
- Protection begins immediately
What to do in the event of a total loss:
1. Have the following information available:
- Copy of your original financing contract and GAP waiver.
- File claim within 180 days of the total loss.
- Copy of the accident/police/fire report.
- Your primary insurance company information (including coverage, policy number, deductible, etc.).
Make sure you are covered today, sign up for Guaranteed Asset Protection - only available at the inception of your loan.Â
Please contact dealer for more information.
This info is for marketing purposes only. Please refer to the specific warranty contract for a complete listing of benefits, terms, and conditions.Â
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