Guaranteed Asset Protection

Help protect your customer's investment with coverage that bridges the GAP.In the event their vehicle is deemed a constructive total loss due to an accident or theft, your auto insurance policy usually covers the fair market or actual cash value of the vehicle.

The amount you customer owes their Lender may be more than their insurance settlement. This difference or gap, could cost them thousands of dollars.

Guaranteed Asset Protection (GAP) waives the difference between your customer's Primary Insurance Settlement and the outstanding balance of their vehicle on the date of loss.

How Gap Works

Net Payoff $ 23,000 Insurance Settlement Amount -$20,000 Difference Owed = $3,000 Total GAP Coverage - $3,000 Out-of-Pocket Expense = $0

(for illustrative purposes only)

  • GAP Covers the Difference and More
  • Protects new and used vehicles
  • Protects vehicles valued up to $100,000
  • May cover your insurance deductible up to $1,000
  • Waives losses up to $50,000

GAP is underwritten by First Colonial Insurance Company or Northbrook Indemnity Company, both wholly owned subsidiaries of Allstate.