GAP helps keep you covered.
We'll help protect you from any out-of-pocket costs when faced with a total loss.
Filling the GAP
Your current auto insurance may not be enough if your vehicle is declared a total loss. In most cases, the primary auto insurance settlement is based on the market value of the vehicle, which could be less than the balance still owed on your finance or lease contract.
Guaranteed Auto Protection (GAP) waives or pays the balance (minus certain fees and charges) between the amount still owed on your finance contract and your auto insurance settlement.1
Total Loss Protection
If your car is declared a total loss through theft, fire, or accidental damange and you still owe more on your finance or lease contract, GAP may reduce or even eliminate your remaining balance.2
Our GAP coverage will cover up to $1,000 of your auto insurance deductible (if applicable and permitted by state law).3
Note: The purchase of a Guaranteed Auto Protection voluntary protection product is optional, cancelable (subject to specific agreement terms) and not required to obtain credit.
Less any delinquent payments, amounts due to pre-existing damage, taxes, auto insurance deductibles amounts over $1000, if applicable, and past-due charges. See agreement, certificate, or waiver for complete details. Some restrictions may apply. Please discuss with your dealer and refer to your agreement at time of purchase.
Type and availability of GAP vary by state. GAP may not be available on finance and lease contracts in some states. Please discuss with your dealer and refer to your agreement at time of purchase. See your auto insurance policy for actual coverage in the event of a total loss.
GAP typically waives or pays the deficiency balance (minus certain fees and charges) between the amount owed on your finance or lease contract and your auto insurance settlement at the time of total loss. Available in most states if GAP is purchased and disclosed separately on the finance/lease contract. See agreement, certificate, or waiver for complete details.