asset coverage
Guaranteed Asset Protection (GAP)
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If your vehicle is declared a total loss due to accident or theft, a standard auto insurance policy may not cover the full amount you owe on your loan or lease. GAP covers the difference, protecting you from unexpected out-of-pocket costs.
Your GAP plan helps protect your finances if your vehicle is totaled.
Pays the Difference
- Covers the gap between your vehicle’s primary insurance settlement (actual cash value at the time of loss) and your outstanding loan or lease balance.
Financial Peace of Mind
- Avoids unexpected out-of-pocket costs following a total loss event.
Includes Insurance Deductible
- Insurance deductibles may be included in the benefit calculation.
Convenient Claims
- Fast and easy online claims process.
Protects Against Negative Equity
- Helps you avoid owing money on a totaled, stolen, or unrecoverable vehicle.
Available for New and Used Vehicles
- Coverage for a wide range of automobiles, light trucks, and vans.
Product Code: ON-GC
