GUARANTEED ASSET PROTECTION (GAP)

Protect Your Vehicle Investment, Not Just Its Value

You could lose more than your vehicle, boat, motorcycle, or RV if it is stolen or involved in a major accident. You could lose your investment. Because most insurance policies only cover the value of your vehicle -- something that rapidly declines during the first few years of ownership -- your loan or lease balance could be higher than the value of your vehicle.

Now you can protect your vehicle, boat, motorcycle, or RV investment with Guaranteed Asses Protection (GAP). GAP is a non-insurance product and is made available via a loan/lease deficiency waiver that covers the "gap" between the vehicle's value and the amount you still owe. Essentially, GAP protects you and your entire investment from substantial loss.

If you have questions about whether GAP insurance is right for you, stop in or call 651-451-3330.

** Deductible reimbursement is available in most, but not all states. Please consult your financing representative for the availability of this benefit.

A Typical Example:
Let's say after one year, the vehicle you purchased for $25,000 is valued at just $16,000. You still owe $21,000 when it is stolen and never recovered or is involved in an accident in which it is damaged beyond repair.

Most insurance policies will only reimburse you for the value of your vehicle, $16,000, leaving you to repay the remaining loan balance of $5,000. GAP takes care of that $5,000 for you, including your insurance policy deductible, up to $1,000.**

GAP Advantage pays an additional $1,000 toward the financing or leasing of a replacement vehicle.