Guaranteed Auto Protection (GAP)

Are you financing or leasing your car, boat, RV, motorcycle, or ATV? Did you know that if it's “totaled” or stolen, you could face a financial risk that your auto insurance policy may not cover? Guaranteed Auto Protection (GAP) coverage protects you against this risk. 

In the event your vehicle is stolen or damaged beyond repair, your primary auto insurance settlement can be less than the balance remaining on your loan or lease. This may create a deficiency balance or a "gap," resulting in a serious financial hardship for you. 

Not only do you need to finance a loan for a replacement vehicle, but you would also have to pay off the deficiency on your current loan. GAP covers the loan balance that your primary insurance carrier did not cover. GAP also covers your primary insurance deductible up to $1,000 (not available in all states). Protection extends for the life of your auto loan, up to 90 months. Plus, if your payoff balance ends up being less than your GAP coverage, the balance owed to you will be deposited to your savings account.

What is the "GAP" on your vehicle? You may be surprised at the answer!

Call to Apply 1-800-621-2105, ext 1

Yes, you can. But you will find GAP rates sold through dealerships much higher in most cases.

Call for Free Quote 1-800-621-2105, ext 1

Normally, GAP is financed in with your Auto Loan. You may be able to pay the full GAP fee upfront in one payment.

Call for Free Quote 1-800-621-2105, ext 1

GAP Advantage is an add-on to basic GAP protection and gives you further peace of mind. If the vehicle you are now purchasing is ever damaged beyond repair or stolen and not recovered, GAP Advantage pays an additional $1,000 toward the purchase or lease of a replacement vehicle. 

Not only will you receive the difference between the value of your vehicle and its unpaid loan or lease balance, you also get a head start on financing or leasing a new or used replacement vehicle when you refinance or lease through the same financial institution.

Call for Free Quote 1-800-621-2105, ext 1

Yes. As your financial wellness providers, we want to make sure that you’re covered, no matter what may happen. That’s why we provide loan and asset protection programs, like Guaranteed Auto Protection (described on this page). It’s just one more way that we look out for your best interests.

To protect your purchase, the following additional programs are available and can be wrapped into your monthly payments:

• Mechanical Breakdown Protection (MBP), also known as extended warranty, is automobile protection that extends beyond the manufacturer's factory warranty and covers repairs of unexpected mechanical breakdowns. For the period of time the contract is in effect, you are assured that covered components of your vehicle will be repaired in the event of failure. This includes labor, subject to any applicable deductible. Learn more.
• Debt Protection protects your credit rating during uncertain and stressful times. Your loan payment will be cancelled or suspended for a period of time without penalty, added interest, or being reported as delinquent to the credit bureau when a covered event occurs. Covered events include death, disability, involuntary unemployment, family leave and hospitalization. Learn more.

3 Easy Steps to Apply

1. Call us at 1-800-621-2105, ext 1 to get started. Have ready: Your government-issued ID (driver’s license, state ID, or passport), Proof of residence, Information on the loan you used to purchase the vehicle, if applicable
2. Take our call - We'll contact you within one business day after you submit your application to go over what documentation we'll need and to answer your questions. We’ll also ask for your vehicle’s value, make, model, year, mileage, and VIN if not provided on the application.
3. That’s it! - We'll contact you with a decision within 10 business days. Once your application is approved, we’ll contact you to sign documents and then you are protected with GAP!