Protects the loan by covering the difference between what insurance pays and what you still owe
In the event of a vehicle theft, or accident that results in a total loss, the GAP product may help protect you from incurring large out-of-pocket expenses by covering the “gap” between what your primary insurer pays and the balance you may owe on your vehicle finance agreement.
The example above is for illustrative purposes only. Actual GAP waiver benefit calculations will vary based on your specific circumstances and may not result in a GAP waiver benefit. Primary insurance deductible coverage is available up to $1,000 and may not be available in all states.
GAP Benefits
- Waives some or all of the “gap” due to a covered total loss
- No maximum dollar amount on covered losses waived
- Includes coverage for your primary insurance deductible up to $1,000
