Guaranteed Asset Protection (GAP) offers protection if the customer sustains a Total Loss of the financed vehicle. GAP covers the customer’s liability for the difference between the borrower’s Outstanding Balance on the vehicle finance agreement, and the Actual Cash Value of the vehicle at the time of a Total Loss.

Levels of Protection:

Premier GAP Ultra
Ultra benefit level is commonly known as "PC Settlement" or "Primary ACV" or "Enhanced ACV". Ultra defines Actual Cash Value as: The retail value of the vehicle on the Date of Loss as determined by your primary automobile physical damage carrier, including any tax and fee refunds applied, less any insurance carrier deductible up to $1000, or the amount paid by a third party insurer.

Premier Ultra offers a higher level of customer satisfaction and protection at a slightly higher cost than Premier Standard. This level of GAP protection is preferred by many lenders and states.

Premier GAP Standard
Standard benefit level is commonly known as "Greater of" and defines Actual Cash Value as: On the Date of Loss the greater of: 1) the retail value as determined by your insurance carrier less any insurance deductible up to $1000; or 2) the retail value as defined in the National Automobile Dealers Association (N.A.D.A.) Official Used Car Guide; or 3) amount paid by a third party insurer.

Premier GAP Plus
The GAP Plus program provides for an additional benefit of $500 or $1000, for qualifying customers, towards the purchase of a replacement vehicle at the selling dealership.

Plus programs are available in limited states and specific Premier Debt Waiver Ultra and Standard programs only.

Premier GAP
Independent GAP
GAP Insurance
RV GAP
Watercraft GAP
Powersport GAP