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Guaranteed Asset Protection

Guaranteed Asset Protection (GAP) provides valuable financial security in the event of a customer’s vehicle being declared a total loss by helping to cover the remainder of the customer’s loan or lease balance. Ensure a worry-free ownership experience by offering GAP.
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This protection is ideal for

Auto
Marine
Powersports
RV
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Benefits

GAP offers financial protection when your customers need it most, all with no deductible.

  • Waives some or all of the financial gap after a total loss with coverage beyond insurance payouts.
  • Minimizes customers’ financial strain by covering their insurance deductible, where allowed.
  • Enhances customer loyalty and peace of mind with protection against unforeseen financial burdens.
Research shows that new cars lose 20% of their value within the first 12 months of ownership.
The average new-car loan length in the first quarter of 2023 was 68.6 months, while used-car loans averaged 67.4 months.
Lenders sometimes offer loans lasting 96 months or longer.
GAP offers major financial security in the event of a total loss, and ensures that customers are protected from unforeseen financial burdens.
Frequently Asked Questions

Common Questions About Guaranteed Asset Protection

Whether you鈥檙e looking for more information on product features or service details, we have a wealth of helpful insights. If you don鈥檛 find the answer you鈥檙e looking for, please reach out to us directly for personalized support.

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Note

  • Maximum financial 鈥済ap鈥� amount waived and other terms and conditions will vary depending on product agreement.
  • Primary insurance deductible coverage is not available in all states.

Fact sources:

Limitations and exclusions apply. The Guaranteed Asset Protection (GAP) product is optional and is not necessarily insurance. Coverage may vary by product agreement and state/province. Please refer to the applicable product agreement for details of terms and conditions.