Protection in the case of a total loss.

Protection Summary

If your vehicle is ever declared a total loss due to an accident, theft, or natural disaster, your insurance company might only reimburse an amount equal to the assessed market value of the vehicle. Unfortunately, there may be a significant gap between what the insurer pays and the balance owed on your vehicle loan. You may find yourself facing a major financial burden. The Guaranteed Asset Protection (GAP) product helps waive what insurance doesn’t cover. It’s your best bet for protecting your finances in a worst-case scenario.

Source:, "How to Get Out of an Upside-Down Car Loan", 2018
Source:, "Car Accident Statistics in the U.S.", 2016


The GAP product helps protect you from incurring large out-of-pocket expenses by covering the “gap” between what your insurer pays and the balance you may owe on your loan.

GAP benefits include:

  • Waives covered losses up to $50,000
  • Includes coverage for insurance deductibles up to $1,000

GAP Plus coverage adds the additional benefit of a $1,000 credit toward the purchase of a replacement vehicle at the selling dealer.


  • Deductible not covered in all states
  • Maximum amount waived will vary depending on customer Agreement
  • GAP Plus is not available in all states
  • The $1,000 GAP Plus benefit is only valid at your selling dealer in the form of a credit toward the purchase of a replacement vehicle and a GAP waiver benefit has been approved

For These Vehicles

  • Auto
  • Motorcycle
  • RV
  • Marine

For These Buyers

  • Cash
  • Finance
  • Lease

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