Auto GAP Waiver

Protect your investment with GAP Waiver

Unexpected accidents or theft can leave you owing more on your vehicle than insurance will cover. GAP Waiver helps bridge that gap by covering the deficiency between your insurer’s payout and your remaining loan balance—whether your vehicle is new or pre-owned, leased or financed. This coverage not only protects your finances but also helps safeguard your credit score from unexpected setbacks. Don’t risk paying for a vehicle you no longer own—let GAP coverage provide the financial security you need

‍

Why Choose GAP Coverage?

When your vehicle is declared a total loss due to an accident or theft, standard insurance may not cover the full amount you owe on your loan or lease. This can leave you with a financial burden, paying for a car you no longer have. GAP (Guaranteed Asset Protection) coverage is designed to eliminate this risk by covering the difference between your insurer’s settlement and your remaining balance.

‍

Key Benefits of GAP Coverage:

• ‍Covers GAP Deficiency – Pays the remaining loan or lease balance after insurance payout.
• ‍Available for New & Pre-Owned Vehicles – Protection for all eligible financed or leased vehicles.
• ‍Protects Your Credit Score – Helps prevent financial strain from an unpaid loan balance.
• ‍Avoids Out-of-Pocket Costs – Keeps you from owing money on a vehicle you can no longer use.

How Does GAP Work?

• Your vehicle is totaled or stolen.
• Insurance reimburses you based on market value, which may be less than what you owe.
• GAP coverage steps in to cover the difference, so you're not left paying out-of-pocket.

Drive with Confidence

‍Don’t let an unexpected loss leave you financially vulnerable. With GAP coverage, you can focus on your next vehicle without the stress of remaining loan payments.