GAP INSURANCE
GUARANTEED ASSET PROTECTION (GAP) INSURANCE
A low-cost coverage option for auto theft and damages beyond repair.
AUTO COVERAGE DESIGNED TO PROTECT YOUR FINANCES
If your vehicle is stolen or damaged beyond repair, you will still be required to pay the difference between your insurer’s settlement and your loan balance. Guaranteed Asset Protection (GAP) is a low-cost coverage option that pays this potentially high-cost difference. GAP is available on most vehicle loans and can be added into the monthly payment on your loan.
GAP INSURANCE FAQs
Gap insurance, or Guaranteed Asset Protection, covers the difference between the actual cash value of your vehicle and the outstanding loan balance in case of a total loss.
If your car’s current value is $20,000, but you owe $25,000 on the loan, gap insurance would cover the $5,000 gap, ensuring you don’t have to pay out of pocket in the event of a total loss accident.
PROTECT YOUR MOST VALUABLE ASSETS
Auto Insurance
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Life insurance
Protect your loved ones with life insurance through the TruStage™ Program.
AD&D Insurance
Secure your family's future with affordable coverage with AD&D Insurance through the TruStage™ program.
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