FINANCIAL GAP

Protecting Your Credit and Investment With GAP Coverage

AvantaGuard GAP Coverage protects you, your investment and even your credit. You can be confident that your deficiencies and deductibles will be paid off in the event of a total loss.

WHAT IS GAP COVERAGE?

In the event of a total loss, the value of the vehicle will probably be less than the amount you owe. If this is the case, you are left with the responsibility of paying the difference between your insurance company settlement and your original loan or lease amount.

(Guaranteed Asset Protection)

HOW AVANTAGUARD GAP COVERAGE WORKS

Let’s say that at the time of your vehicle loss, your loan balance is $30,000. The insurance company places the vehicle’s value at $26,000. After a $1,000 deductible they provide a settlement of $25,000. You still owe $5,000 on a vehicle you can no longer drive and you still need a new car. This is where having AvantaGuard GAP coverage becomes really important.*

Purchasing AvantaGuard GAP coverage can help you avoid paying thousands of dollars on your loan or lease, in addition to having to purchase a replacement vehicle.

*This is an example only. Please refer to the policy for guidelines, eligibility, coverage and limitations.

COMMON RISKS

Collision
Total Loss
Vehicle Theft
Natural Disaster

BRIDGE THE GAP

Silver Car Parked Outside of Building - Financial GAP page in whats covered section

GAP 125: Option 1

No waiting period—coverage begins immediately
Helps protect your good credit rating
Protects new and used vehicles
Protects vehicles valued up to $100,000
May cover your insurance deductible up to $1,000
Covers losses up to $15,000
Coverage up to 125% of the vehicle’s value

GAP 150: Option 2

No waiting period—coverage begins immediately
Helps protect your good credit rating
Protects new and used vehicles
Protects vehicles valued up to $100,000
May cover your insurance deductible up to $1,000
Covers losses up to $50,000
Coverage up to 150% of the vehicle’s value

Safely Bridge the Gap.

With AvantaGuard GAP coverage you won’t need to worry about the difference between your insurance company settlement and your loan or lease amount in the event of a total loss.