Guaranteed Asset Protection (GAP) pays one hundred percent of the difference between the outstanding loan balance and the amount that the primary insurer pays in the event of a total loss.

Provided through Auto Trac System and insured by Best’s rated A- (or better) insurance companies. Coverage is available on all retail finance contracts, including both new and used vehicles for franchised and non-franchised dealerships and leased vehicles.

Protection is available for up to 150 percent of the original value of the vehicle, with a single maximum vehicle value limit of $125,000 and a maximum limit of liability of $50,000. There is a maximum weight limit of 12,500 pounds, with no restriction for commercial vehicles under 12,000 pounds. There is no minimum financing price and loan terms are available up to 96 months.

The program is available on a direct or reinsured basis to dealerships.
  • proDUCT details

    Available for New & Used Vehicles

    – 96 Month Maximum Term
    – Maximum AFVR: 150% MSRP/NADA
    – Maximum Payable Loss: $50,000
    – Maximum Amount Financed: $125,000