GAP Insurance

Guaranteed Asset Protection (GAP)

With interest rates at historical lows, your customers are financing for longer terms with less cash down. Simply put, your customers will remain “upside down” in their loans longer than ever before. The risk of serious financial loss due to theft or accident is substantial.

How do you balance the great economics of today’s finance options with the inherent risk?

GAP makes up the difference between what your customer owes the bank, and what their insurance company agrees to pay, in the event that the asset is deemed a total loss due to accident or theft. (Our program will also cover the customer’s primary insurance deductible, as well as up to 60 days in delinquent payments at the time of loss.)

Example:

For the dealer, there are at least three major benefits:

1. Profit margin is typically in the 100% range.
2. Profit is derived from a product that has no cost to carry in inventory.
3. Customer retention. (They will see you and your showroom when filing a claim.)

Presented properly on qualifying loans, most customers will request the protection.

For information about product availability in your state, please complete our "Contact Us" form.

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~Benjamin Franklin - America’s first self made millionaire~

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