Why consider Guaranteed Auto Protection (GAP) Coverage? In the event of a total loss due to collision, fire, unrecovered theft, or other insured peril, your insurance settlement may be less than the amount you owe on your loan at the time of the loss. If a covered loss occurs, GAP Coverage will pay the difference between the insurance settlement and the scheduled balance you owe to the lender.
Eligibility - GAP Coverage is available for most new and pre-owned financed vehicles.
How Much Does GAP Coverage Cost? The price of the plan depends on the level of coverage and term of the loan/lease you select. The cost of the plan can be financed along with the purchase of your vehicle.