Picture this.
Your financed or leased vehicle sufferers a total loss because of theft or accident. It is declared a total loss by your insurer. But, unfortunately, the book value of the vehicle is less than your loan or lease balance. Now you are responsible for...

Payment of the difference + The amount of the deductible

Total sum = Possibly thousands of $$$$
Total result = A lot of out-of-pocket expenses!

Think about this.
Because your vehicle is insured against theft or accident, you may be lulled into a false sense of security... unit your insurance company declares it a total loss. Then you discover what you owe on your outstanding loan or lease may not match your insurance settlement.

Take the easy way out.
Sign up for GAP Asset Protection. It covers the deficiency, or gap, between the insurance settlement and balance on your outstanding loan or lease as illustrated.

Benefit from all that GAP Asset Protection provides:

• By paying the difference between the insurance settlement and your outstanding loan or lease balance, GAP Asset Protection satisfies your loan or lease agreement.
• You won't be in the position of making payments on a vehicle you no longer have.
• As a result, you may be in a better position to replace the vehicle you lost due to an accident or theft.

Enjoy coverage tailored to your needs.

• Protection is provided for the term of your loan or lease, up to 84 months.
• Protection is available for covered vehicles valued up to $100,000.
• Benefits are paid up to $50,000.
• The insurance deductible can be covered up to $1,000 at no extra costs2.
• Benefits are available for new, used or leased covered vehicles.