Guaranteed Auto Protection (GAP)
If your vehicle is stolen or damaged and deemed a total loss, you are responsible to pay the difference between what you owe and what your insurance company says your vehicle is worth. GAP can help you cover the difference and potentially save you thousands of dollars.
How GAP Insurance could work:
|Your loan/lease payoff:||$20,000|
|Vehicle value determined primary insurance:||-$16,000|
|Primary insurance deductible:||-$500|
|Your responsibility without GAP coverage:||$4,500|
|GAP will cover:||$4,500|
|What you owe after GAP:||$0|
*Subject to certain exclusions and benefit limitations.
For more information, please call us at 713-778-6300 and ask to speak to a loan officer.