GAP and Auto Deductible Reimbursement
Bridge the gap between your loan balance and your vehicle's value
GAP and Auto Deductible Reimbursement
Make sure you are FULLY PROTECTED! Guaranteed Asset Protection (GAP) covers the difference between what you owe on your auto loan and the amount paid by your insurance company in the event of a total loss. GAP Advantage also provides you with a $1,000 credit toward the financing of a replacement vehicle if financed or leased with the same financial institution.
GAP benefits:
- Pays the difference between your insurance settlement and what you still owe for the vehicle.
- Costs $499, regardless of year, make, and model
- $0 deductible
- Available on new and used vehicles, leases and motorcycles
Auto Deductible Reimbursement
Auto Deductible Reimbursement (ADR) is a separate coverage that is automatically included when you purchase GAP. In the event you need to file a claim (not a total loss), the ADR coverage will reimburse you up to $500 toward your deductible (limit two losses per year) for any vehicle you own and insure.