Auto Shield's Guaranteed Asset Protection (GAP Insurance)

Auto Shield’s Guaranteed Asset Protection (GAP Insurance)

Help safeguard customers with Guaranteed Asset Protection to protect them from unexpected curveballs—like an accident that’s considered a write-off, or an unrecovered theft—leaves them in a negative equity situation because their insurance provider will not cover the amount owing on the vehicle.

Guaranteed Asset Protection (GAP Insurance) is the only insurance that can protect them, with benefits including:

• Coverage for up to 7 years
• Available for loans up to $100,000
• Pay-out based on amount financed, not black-book value
• Covers primary auto insurance deductible
• Originating Dealer Loyalty Bonus

Traditional GAP Insurance

Traditional GAP Insurance provides the first layer of protection

• Covers the shortfall between the remaining loan balance on the vehicle and the settlement you may receive from your insurance company. This essentially puts you in a break-even situation but you will still need to replace your vehicle.