GAP Coverage
You have the loan, now take control of the risk. Our standalone GAP Coverage fills the gap your auto insurance can’t and more!
The “Gap” You May Have Missed
- When you financed your vehicle with us, you made a smart move, but you may have missed that if this vehicle were totaled or stolen, auto insurance may not cover the remaining balance of your loan (the “gap”).
- Our standalone Guaranteed Asset Protection (GAP) Coverage pays that difference.*
- Plus, if your vehicle is declared a total loss, we’ll give you $1,000 credit toward your next vehicle if you finance it with us.
- Plus, if you ever have to file an insurance claim, with our GAP Coverage, you could qualify to receive, at no additional cost, an Auto Deductible Reimbursement (ADR) of up to $500.
Add GAP Coverage TODAY!
For $595, you’ll get peace of mind, real protection and real added benefits that will save you money when the unexpected happens.
Paying off a loan for a vehicle you can no longer drive should never be part of your monthly expenses.
Questions? Call 800.433.7228 or visit your local branch.
Disclosures
*GAP is subject to limitations and exclusions, including, but not limited to, a loan-to-value maximum. See details below:
- Any refundable additions to amount financed.
- Interest accrued after the date of loss.
- Delinquent or missed/skipped payments over the maximum amount allowed.
- Late charges, fees or funds added after loan inception.
- Any amounts due to a loan modification or refinance that would increase the balance, cause the loan to pay down more slowly, or extend the original loan term.
- Any amounts due to the extension of the original loan term resulting from lender-approved, skipped payments.
- Deductions made by primary carrier for legal expenses or fees, towing fees, salvage purchase, or for prior damage already paid to borrower.
- Commercial vehicles titled partially or entirely under a business or corporation name. Vehicles used as part of share-the-expense carpools or ride-sharing (Uber, Lyft), and as part of food delivery (Uber Eats, DoorDash, GrubHub, restaurant delivery) are not considered Commercial.
- Debt Consolidation amounts of the Borrower/Debtor added to the original financing of the vehicle. This exclusion does not apply to Non-Purchase loans or to Debt Consolidation amounts added in a refinance or loan modification (up to the maximum LTV), when a new GAP Waiver is purchased.
- Any collateral with a branded title such as salvaged, rebuilt or reconstructed, lemon law, buyback or title issued with any other symbol or word(s) signifying a similar branding.
- Losses due to any dishonest, fraudulent, or criminal act.
- Any loss resulting from wear and tear, freezing, mechanical or electric breakdown.
- Leases or Balloon Notes.