Is there a GAP in your coverage?

GAP is a debt waiver that eliminates the out-of-pocket expense incurred should there be a difference between the actual cash value and loan payoff when a vehicle is stolen or totaled.

Why GAP Protection?

• Vehicles lose 20% of their value the minute they are driven off the lot
• Vehicles continue to depreciate 15-20% per year of ownership
• Technology advancements are increasing the cost to repair vehicles and causing more total losses
• Nearly 20% of accidents result in total loss
• 1 million cars are stolen annually with fewer than 60% recovered

GAP Protection is a valuable coverage that can help minimize financial risk in the event that your vehicle to totaled or stolen. After all, things happen, but at least we you can be covered for the unexpected!

To learn more about the GAP program and to see if you are eligible, ask your financial institution for more details.