It closes the "GAP" by relieving the borrower of the responsibility to pay a loan deficiency balance that is not covered by the primary insurance policy or any applicable third party insurance policy.

Gap Waiver Protection

If your customers car or truck is stolen or declared by their insurance company to be a "total loss", as a result of a car accident, the insurance settlement will be based upon the "replacement value" of the vehicle, minus the deductible.

This may be substantially less than the amount owed on the vehicle, especially in the first few years of the loan. Customers are still liable for the final loan balance even though it very well may exceed the insurance settlement by as much as several thousand dollars. The end result is a "Gap" in insurance coverage.

Sign up today, we administer GAP protection in over 30 states across the nation.