Auto Shield's Guaranteed Asset Protection (GAP Insurance)
Help safeguard customers with Guaranteed Asset Protection to protect them from unexpected curve balls—like an accident that’s considered a write-off, or an unrecovered theft—leaves them in a negative equity situation because their insurance provider will not cover the amount owing on the vehicle.
Guaranteed Asset Protection (GAP Insurance) is the only insurance that can protect them, with benefits including:
Traditional GAP Insurance
Traditional GAP Insurance provides the first layer of protection
GAP Insurance Replacement Finance
GAP Insurance Replacement provides the first layer of protection and provides a replacement subsidy.
GAP Insurance Return to Invoice Leases
Gap Insurance Return to Invoice pays the difference between the insurance marketplace value at the time of loss and the original invoice price on the amount of the outstanding contract. Whichever is higher.
GAP Insurance Deferred Leases or Finance
GAP Insurance Deferred coverage starts after the coverage in place for (Waiver of Depreciation) through the motor vehicles insurance has expired.
Please refer to your service contract for specific terms & conditions of coverage or contact us.
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