• Protects new and used vehicles
• Waives losses up to $50,000
• Protects vehicles valued up to $100,000
• Covers your insurance deductible up to $1,000
• Protection for the term of your loan/lease up to 84 months
|STANDARD 150%||150% MSRP/NADA limits. $100,000 maximum eligibility limit. $50,000 maximum benefit. Up to 84 months of coverage.|
Deductible coverage limit up to $1,000 (can vary by state).
|STANDARD 120%||Same benefits as Standard 150% GAP, except the allowable amount financed is limited to a maximum of 120% MSRP/NADA.|
|GAP PLUS||Same benefits as Standard 150% GAP. In the event of a constructive total loss and a GAP claim is paid, the customer receives a voucher up to $1,000 to be redeemed at the original issuing dealership towards the purchase of a new vehicle.|
|FULLY EARNED||Same benefits as Standard GAP. Available with 150% or 120% MSRP limits. In the event of a constructive total loss and a GAP claim is paid, the Addendum will be deemed as fully earned and no refund will be due.|
|COMMERCIAL||Same benefits as Standard GAP. Available with 150% or 120% MSRP limits. Available on vehicles used for commercial purposes (some conditions apply). Vehicle cannot exceed 14,500 GVWR.|
These are general GAP coverages and benefits. Programs vary by States/Lenders/Dealers. Please refer to your GAP Deficiency Waver Contract for specifics on the terms and conditions of coverage.