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GAP Insurance

Fill in the GAP on your next vehicle loan!

There could be a big difference between what your insurance will pay and what you owe on your loan. Most cars depreciate by thousands of dollars as soon as you drive them off of the lot.

And if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared as a total loss, you are still liable to pay the difference, the "gap" between your insurer's settlement and your loan balance. That gap will come out of your pocket for a vehicle that, for all practical purposes, no longer exists.

Guaranteed Asset Protection (GAP) could save you thousands of dollars.
GAP is low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.

GAP - low-cost protection for high cost losses.
For just a few dollars a month, GAP can save you from making loan payments on a vehicle that's beyond repair, or stolen and not recovered.

It's easy to be covered.
Sign up for GAP when you apply for your vehicle loan.

Refundable feature.
GAP is fully refundable if you cancel your coverage within the first 90 days.

What are the chances of your vehicle being stolen or wrecked?

Consider the facts:
Auto theft is an estimated $7.6 billion industry, with a theft taking place every 26 seconds1
Nearly half of all stolen vehicles (46.9%) are not recovered yearly in the US.2
There were an estimated 6,159,000 police-reported vehicle crashes in 2005.3

1 Insurance Information Institute, 2004
2 Federal bureau of Investigation Uniform Crime Report, 2000
3 National Highway Traffic Safety Administration, 2005

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