GAP Protection
Optional protection designed to help reduce the financial gap if your vehicle is stolen or declared a total loss in a covered situation.
What this product is
GAP Protection may help cover the difference between what your primary insurance pays and what you still owe on your vehicle loan in certain covered total loss situations.
What it may help with
- • Customers with negative equity
- • Customers with little money down
- • Customers financing longer terms
- • Customers who drive higher mileage
- • Customers who want extra peace of mind
Drivers financing a vehicle, especially when carrying negative equity, making a smaller down payment, choosing a longer term, or wanting extra peace of mind.
Common real-life examples
- • Your three-year-old vehicle is totaled in a covered accident and your insurance payout is less than your loan balance
- • You rolled negative equity from a previous trade into this loan
- • You financed with a smaller down payment on a long term
What to ask Scott
- • Does my loan term make GAP a good fit?
- • How are total-loss claims handled with GAP?
- • What is and isn't covered in a covered total-loss event?
Important limits and exclusions
GAP is not auto insurance and does not replace your required insurance coverage. Not every total loss is covered. See contract for complete details.
Coverage, benefits, limits, exclusions, eligibility, deductibles, claim process, and availability may vary. Please review the actual contract or limited warranty documents for complete details. This page is a general overview and not a replacement for the official contract.
Want Scott to include this in your deal review?
Add GAP Protection to your Build My Own Deal request and Scott will go over the details with you.
Related Protection Products
Optional coverage designed to help with certain covered mechanical repairs after the manufacturer warranty period or alongside eligible coverage terms.
A higher-level vehicle service contract option designed to cover many major vehicle systems, subject to contract terms, limits, and exclusions.
A mid-level service contract option designed to help cover many important mechanical and electrical components, depending on the contract.
FAQs
- Is this product optional?Yes. This product is optional and can be added to your deal request if you want Scott to review it with you.
- Does this cover everything?No. Coverage depends on the actual contract, limits, exclusions, eligibility, and claim rules.
- Can I ask Scott if this makes sense for me?Yes. Scott can help you decide whether the product fits how you drive and how long you plan to keep the vehicle.
- Can I add this to Build My Own Deal?Yes. Use the Add to Build My Deal button to include it in your request.
- Is this a final contract?No. This page is only a general overview. The actual contract controls the coverage details.
Coverage, benefits, limits, exclusions, eligibility, deductibles, claim process, and availability may vary. Please review the actual contract or limited warranty documents for complete details. This page is a general overview and not a replacement for the official contract.
Questions? Call Scott at 614-535-8673