Protective Guaranteed Asset Protection (GAP)

• Payable in the event of a total loss
• Covers the difference, in most cases, between the scheduled asset pay-off amount net of refunds and the asset’s actual cash value
• Also covers your primary insurance deductible up to $1,000¹
• GAP coverage remains intact if your primary automotive insurance coverage lapses
• GAP benefit covers up to $50,000²
• Coverage available for most financed new and pre-owned vehicles
• Can help protect your personal credit rating

¹Payment of deductible not available in all states.
²Less any amount of the debt-to-value that exceeds 125% or 150% (depending on contract) at the time of purchase.

³ For purposes of the GAP calculation, this will generally be the lesser of the scheduled loan balance or the actual loan balance, minus refunds, if any, due to be received for the early termination of products such as credit insurance and service contracts.

⁴The GAP coverage benefit might not cancel the entire amount you owe at the time of loss. If debt-to-value exceeded 125% or 150% (depending on contract) on the GAP effective date, the GAP coverage benefit will be adjusted by subtracting the amount by which debt-to-value exceeded 125% or 150% (depending on contract).