Guaranteed Asset Protection (GAP)
Most cars depreciate by thousands of dollars as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference, or the "gap" between your insurer's settlement and your loan balance. That gap remains your responsibility and will come out of your pocket. Guaranteed Asset Protection (GAP) helps cover the difference between your primary insurer's settlement and the loan balance on items directly related to the purchase of the vehicle. Our provider, Frost, provides GAP coverage for this potentially high-cost difference. GAP can save you from making loan payments on a vehicle that you no longer have! Gap is offered at a flat rate of $499 for vehicles and motorcycles. Commercial vehicles, Watercraft and RV's are priced higher. Ask us for a quote today.
