women in car with hands in the air

GAP Coverage

GAP Helps Protect Your Pockets!

Don't get stuck paying hundreds

As soon as your new car leaves the car lot, it starts depreciating in value. In fact, most vehicles lose 20% of their value in the first year. If your new vehicle is in an accident, and is badly damaged or totaled, there is a good chance that the value of the vehicle is less than what you owe on it. In this case, you would be responsible for paying this difference out of your own pocket.

GAP coverage can pay this difference so you don’t have to!

  • GAP waives the difference between your primary insurance company’s settlement and the payoff of your loan balance up to a certain loan to value maximum.
  • GAP is designed for all drivers, whether you are financing or leasing a new or used vehicle (automobiles, vans, light trucks, motorcycles and boats.)
  • In more cases than not, the value of a vehicle rapidly declines during the first few years of ownership. GAP covers this deficiency.
  • Our GAP comes with ADR (Auto Deductible Reimbursement) and benefit available to use for other vehicles that are also under the borrowers name and insurance.