What "GAP" is and why you need GAP Protection

GAP is designed to relieve you of the responsibility for the remainder of the loan balance that your primary insurance carrier may not cover in the event of a write off or total loss. Essentially, GAP protects you from substantial loss.

Purchasing a vehicle is one of the largest investments you will make in your lifetime. No matter what income bracket, previous credit history or current financial situation, GAP is a serious problem. It is a dirty little secret that your insurance company usually won't tell you about. They are covering the "book value" of your car, not how much you may still owe on your vehicle!

What happens in the event of a total loss due to theft, accident or otherwise? Think you are protected? Think again!

In the event of Total Loss, insurance companies will generally only reimburse you for the "book value" of your car - not the amount that you still owe on your car loan!

GAP protects you and your family by providing coverage that your primary insurer may not in the event of a total loss.