Questions & Answers

Who under writes our GAP Warranty?
Our GAP Warranty program is underwritten by American Home Assurance, a member company of AIG, one of the largest insurance companies in the world. With an AM Best rating of AA-(Superior) you can be sure that you are in very good company.

What provinces is GAP Warranty available in?
Gap Warranty is currently available in most provinces and terrirtories in Canada.

Does GAP replace my comprehensive or collision coverage?
GAP is coverage that compliments your existing primary auto policy.

How do I pay for the GAP coverage?
Normally, GAP is financed in with your loan. The premiums for coverage are very reasonable.

If my primary insurance pays my loan balance in full does GAP reimburse me for any deductible, or pay my amount above the loan balance?
Deductible coverage is not part of our program, GAP is designed to help in the event of a settlement shortfall with your primary insurer. In some cases your primary insurer may pay the entire loan amount and not leave a "gap".

What if my car is stolen?
In Canada a vehicle is stolen every 3 minutes (according to the Insurance Bureau of Canada). In 2006 there were 170,000* vehicles stolen in Canada, in 2005 that number was 160,000*. The recovery rate of stolen vehicles is less then 50%. You can protect your vehicle, boat, motorcycle or RV with Guaranteed Asset Protection, GAP.

If your vehicle is totalled or stolen, your primary insurance company settlement in many cases will be significantly less than the outstanding loan balance. This may cause a "GAP" resulting in a serious financial hardship for you and your family.

How do I file a claim?
See our claims page.