GAP COVERAGE
GAP coverage gives you confidence when you purchase a new vehicle. If you have an accident and your vehicle is considered a complete loss, most standard insurance policies will only compensate you for the current value of your vehicle, not for what is owed or for the deductible. This can leave you responsible for the difference. GAP coverage will cover this difference and get you back on the road.
The coverage you have been provided under the policy is limited to and will not exceed the lesser of:
- The amount of the payable loss, or
- The amount shown in the Maximum Benefit section of the Certificate of Insurance
HOW YOU'RE COVERED
GUARANTEED AUTO PROTECTION
You're covered for the gap deficiency between your vehicle's unpaid finance balance and the settlement amount offered by your insurer.
COVERED FROM THE START
The coverage is only available at the time of vehicle purchase.
FLEXIBLE
Whether your vehicle is new, used, or leased, you're covered.
FINANCIAL PEACE OF MIND
You're covered for finance amounts up to $125,000.
WORRY-FREE ENDORSEMENT
You're covered for financial loss up to $75,000, which includes up to $1,000 of your insurer's physical damage deductible.
GET COVERED FOR LONGER
The plan is available for up to 84 months.
PROTECT YOUR INTERESTS
You're insured against owing money on a vehicle you can no longer drive.
REFUNDABLE
Your coverage is fully refundable if cancellation occurs within 60 days of purchase and no losses have occurred.
