What Is GAP Insurance and What Can It Do for You?
Guaranteed Asset Protection (GAP) could help cover the costs that your car insurance can’t. There’s a lot to like about owning a new car—that is, unless it gets stolen or involved in a serious collision. In those situations, you might expect your car insurance policy to cover the remaining cost of your unsalvageable vehicle.
Unfortunately, even the best plans may not cover the rest of your outstanding loan, creating a loan “gap” on the money you owe. That’s where GAP Insurance comes in. Don’t let a total loss become a financial loss—learn more about how GAP can protect you.
💬 Contact Virtual Branch – Get GAP Today!
During chat hours, you can message our team, and we’ll guide you through the process in real time!
How to Access: Click the chat icon at the bottom right corner.
Chat Hours: Monday – Friday: 9:00 AM – 4:30 PM PT
Or Call our Virtual Branch 858.547.7400 or 800.222.7455
Member Support Hours:
Monday - Thursday: 7:30 AM - 5:00 PM PT
Friday: 7:30 AM – 6:00 PM PT
How Does GAP Insurance Work?
If your vehicle is deemed a total loss due to an accident or theft, you may wind up owing more on your loan than your auto insurance will cover. GAP may reduce or even eliminate that shortfall, ensuring you aren’t left paying for a vehicle you no longer have.
Benefits of GAP Insurance
- Covers the difference between your loan balance and insurance payout
- Protects you from financial hardship in the event of a total loss
- Affordable coverage that could save you thousands
- Peace of mind knowing you’re not left paying for a car you can’t drive
- Works alongside your auto insurance for complete protection
- Can be added even after you’ve purchased your vehicle
How to Get GAP Insurance
Adding GAP Insurance is quick and easy. If you’ve already purchased your vehicle, you can still enroll and protect yourself from unexpected financial burdens.
Have questions? Our team is here to help you understand your options and find the right coverage for you.