Guaranteed Asset Protection (GAP)
Guaranteed Asset Protection (GAP) provides you invaluable peace of mind. If a vehicle is totaled or stolen, the primary insurance company settlement can be significantly less than the outstanding loan balance. This may create a deficiency balance, or a "gap," resulting in a serious financial hardship. The "gap" may even jeopardize repayment of the loan. GAP is designed to relieve the responsibility for the remainder of the loan balance that your primary insurance carrier does not cover.