Premier offers GAP Insurance to Auto, RV, Watercraft and Powersport dealers.

The GAP Insurance program is offered in a few states where the Guaranteed Asset Protection program must be provided in the form of an insurance policy. Dealers and/or the dealership sales staff are required to obtain a specific insurance license from the state and to be appointed by Great American Insurance Company to sell Premier GAP Insurance products.

If the GAP Insurance customer sustains a Total Loss of the financed or leased Vehicle the GAP Insurance Policy will cover the customer’s liability for the difference between the loan or lease Outstanding Balance, and the settlement amount paid by the customer’s primary insurance carrier.

Underwriting Guidelines

• The maximum amount financed cannot exceed $125,000 or 150% of the MSRP or NADA retail value.
• The term of the finance contract cannot exceed 84 months.
• The maximum amount payable under the GAP policy is $100,000.
• The vehicle cannot be older than 10 model years.
• Commercial Use exclusion.

NOTE: Please see a copy of the Insurance policy and producer agreement for a complete list of underwriting guidelines, terms, conditions, exclusions and limits of liability.

Restrictions may apply. Product availability may vary by state or country. For state availability please check with PDS Sales Support.

Most Premier GAP insurance programs have Ultra and Standard benefit levels available.