Guaranteed Asset Protection
Protect Your Vehicle Investment, Not Just Its Value
You could lose more than your vehicle, boat, motorcycle or RV if it is stolen or involved in a major accident. You could lose your investment. Because most insurance policies only cover the value of your vehicle - something that rapidly declines during the first few years of ownership - your loan balance could be higher than the value of your vehicle.
Now you can protect your vehicle, boat, motorcycle or RV investment with GAP. GAP is a non-insurance product and is made available via deficiency waiver that covers the "gap" between the vehicle's value and the amount you still owe. Essentially, GAP protects you and your entire investment from substantial loss.
GAP protection goes into effect when you need it most - when your vehicle is stolen and not recovered or is totaled in an accident and cannot be repaired.
Talk to your loan officer to find out if GAP is right for you!