What is GAP coverage?
Don't be left paying for an asset you no longer own. Protect it with GAP!
Guaranteed Asset Protection (GAP) through First Guard covers the remaining balance on your loan if you experience a total loss before it is paid off. Most insurance policies only cover the actual cash value of your asset. As a result, there can be a substantial GAP between your loan or lease and the amount your insurance company pays to replace your vehicle.
GAP may settle the difference between your primary insurance settlement and your remaining loan balance at the time of loss. GAP may also cover your primary insurance deductible. For you convenience we have added a helpful brochure with more detained information.