Guaranteed Asset Protection (GAP)
A wrecked car doesn’t have to wreck your finances. Secure your auto loan with GAP—your financial safety net in case of unexpected emergencies or accidents.
What does GAP cover?
New cars depreciate the second they’re driven out of the dealer’s lot. When a vehicle is totaled in an accident or stolen and not recovered, you could owe more than the vehicle is worth.
Why do I need GAP?
Protects your car against depreciation.
Covers the “gap” between your car’s cash value and the amount you owe on the loan.
Refundable and nonrefundable options to fit your budget.
Why do I need GAP?
Protects your car against depreciation.
Covers the “gap” between your car’s cash value and the amount you owe on the loan.
Refundable and nonrefundable options to fit your budget.
Is this protection right for me?
You should get GAP if you think you’ll eventually owe more than your car is worth over time. Here are a few examples of when you may need GAP:
You made a small or no downpayment on your car purchase.
If you have a loan of 60 months or longer.
Your car has high mileage or excessive wear and tear.
Your loan has a high interest rate, taking it longer for you to pay off.
Ready to secure your loan and car protection?
To purchase the additional insurance products, schedule an appointment at your nearest branch or call (800) 443-6687.