Safe-Guard GAP
Guaranteed Asset
Protection (GAP)

If your vehicle is declared a total loss due to an accident, theft, or natural disaster, your primary insurance company may only pay you for the amount equal to its assessment of the market value of your vehicle at the time of the total loss, less your deductible amount. Unfortunately, there may be a significant “gap” between what your primary insurer pays and the balance you owe on your vehicle finance agreement.