Out of no where, it happens. Your car is considered totaled by your insurance company thanks to an accident on the way home from work. Maybe it was completely out of your control, and your car was totaled thanks to a freak hail storm! Either way, if you have a loan on your vehicle and no GAP coverage, you are on the hook for the outstanding balance.
Choose GAP Advantage
GAP Advantage is a protection service that can be purchased for any auto loan. Since your vehicle is the collateral of an auto loan, your insurance is required to pay your lender for the value of your car at the time of it being totaled. The value of your car may not equal your outstanding auto loan balance. Without GAP Advantage, you are on the hook for that gap left between your auto loan balance and the value of your vehicle. On top of that, you’ll still need a new car to get around! Imagine paying for a car that you can no longer drive on top of paying for a new car.
Here's how it works
Request to add GAP
Complete a quick request form.
We will contact you
We'll get some additional information, and send a quick form for you to complete via Docusign.
GAP is added to your loan
Depending on your auto loan payment, GAP simply adds a bit extra to the end of your loan.`
GAP Advantage Brochure
Extra Vehicle Protection
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