Guaranteed Asset Protection (GAP) Coverage

Accidents happen — but the financial fallout shouldn’t derail your future. If your vehicle is declared a total loss due to accident or theft, insurance may only pay the actual cash value — often less than what you still owe on your loan or lease. GAP Protection closes that gap, so you don’t get stuck paying for a vehicle you no longer drive.

What GAP Covers	Why It Matters
Loan/lease balance protection: Pays the difference between your insurance settlement and the outstanding balance on your loan or lease.	Vehicles depreciate fast: In the first year, many vehicles lose 20%–30% of their value. Insurance pays based on market value, not what you owe.
Financial safety net: Keeps you from facing thousands of dollars in unexpected debt.	Peace of mind: You won’t be left paying on a loan for a vehicle that’s been totaled or stolen.
Credit protection: Safeguards your credit score by preventing unpaid balances from rolling into collections.	Smart financial choice: For just a small investment in protection, you avoid a major financial setback.