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Home > Products > Payment Protection > GAP |
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Protect your investment with Guaranteed Auto Protection GAP, or Guaranteed Auto Protection, is a non-insurance product which protects your financial liability when financing a new or used vehicle. What Does GAP Cover? GAP covers new and used automobiles and goes into effect when your vehicle is stolen and isn't recovered, or is totaled in an accident and can't be repaired. GAP covers the difference between your primary carrier's insurance settlement and the amount of your loan, less delinquent payments, late charges, refundable service warranty contracts, and other insurance related charges. Included in this difference is your insurance deductible. Ask about GAP with your next auto loan application. |
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