GAP - Guaranteed Asset Protection
GAP provides security and peace of mind.
In the event your vehicle is deemed a total loss due to accident or theft, your primary auto insurance policy typically covers the actual cash value of the vehicle, but you may owe more than that to your lender. This difference, or “GAP”, could result in thousands of dollars of out-of-pocket expenses.
AAGI’s GAP Program waives the difference between your primary insurance settlement and the outstanding balance on your loan as of the date of loss, where applicable.
GAP is available in most waiver and insurance states. Our standard program covers up to 150% of the MSRP, with terms up to 84 months, and covers up to $1,000 of the primary insurance carrier’s deductible.
Our GAP Program “covers the difference” with features such as:
- No age limit for vehicles
- Protects vehicles valued up to $100,000
- Waives losses up to $50,000
- Additional $1,000 'PLUS' benefit when customer returns to selling dealer for a replacement vehicle
- Programs for franchise and non-franchise dealers
For more information about selling AAGI's GAP Program, Click Here!