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 | | Guaranteed Asset Protection (GAP)
In the event of a total loss of the vehicle, the lender agrees to cancel all sums that represent the difference between the actual cash value of the vehicle and the outstanding balance under the provisions of the financial agreement. The amount cancelled shall not exceed $50,000 in total. All primary insurance deductibles up to $1,000 are covered unless limited by state law. |
What makes OwnerGUARD’s standard GAP program unique? - All-risk protection
- No MSRP or ACV restriction for motor vehicles
- Motor vehicles valued up to $100,000 at time of sale are eligible
- Deductibles up to $1,000 are covered unless limited by state law
- No model year restriction
- Available for recreational vehicles, powersports, and watercraft
- Protection Plus Option provides an additional $1,000 benefit unless limited by state law
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