Guaranteed Asset Protection (GAP)

Car that was involved in an accident

Getting protection in the event of a total loss is easy!

The last thing you want to think about right now is a total loss on your new vehicle … But You Should.

GAP is Total Loss Protection... and then some!

The moment you drive your vehicle off of the lot, it depreciates about 20% on average. And you can count on roughly a 15% decline in value each year for the next four years.

If your vehicle is stolen or damaged and deemed a total loss, you are responsible to pay the difference between what you owe and what your insurance company says your vehicle is worth. GAP can help cover the difference and potentially save you thousands of dollars.

The amount you owe on your vehicle and the amount it is worth usually take very different roads. GAP will assist you in covering the distance between them.

An Example:

 Your loan/lease payoff: $20,000
 Vehicle value determined by primary insurance:  -$16,000
 Primary insurance deductible:  -$500
 Your responsibility without GAP:  $4,500
 GAP will cover:  $4,500
 You owe after GAP*:  $0


At just $415 (one-time payment), our GAP coverage typically costs hundreds less that if purchased from the dealer. Most types of vehicles are eligible, and you can generally include GAP coverage in your vehicle loan payment.

Make sure you fill the GAP!
Protect your family, your car and your credit rating with GAP. Contact your loan officer for more information about the benefits of GAP!


*Subject to certain exclusions and benefit limitations.
This information is intended to provide an outline of the terms and conditions of the Guaranteed Auto Protection (GAP) program. Refer to your GAP Addendum or Certificate for all terms and conditions.