First Class Guaranteed Auto Protection (GAP)2015-10-08T18:23:34+00:00

First Class Guaranteed Auto Protection (GAP)

Relax. You’re covered.

In the event of a vehicle theft or an accident that results in a total loss, insurance companies only reimburse you for the market value of the vehicle.  This, along with the deductible, can create a significant gap between what your insurer will pay you and the balance on your loan.

Because of common risks associated with theft, collision and natural disaster, the chances of your vehicle being involved in a total loss are greater than you think.  First Class Guaranteed Auto Protection (GAP) not only covers this difference, but it also reimburses you for the out-of-pocket cost of your insurance deductible – up to $1,000.*

Consider this scenario: You purchase a $60,000 vehicle. Seven months later, you get into an accident that totals your car.


$55,000 (Loan payoff)
-$50,000 (Vehicle value)

$5,000 (The gap)
+1,000 (Insurance deductible)

$6,000 (Total potential out-of-pocket expense)
-$6,000 (Covered by First Class GAP)

$0 (Amount you owe)

*Must be purchased at time of vehicle sale.

This information is intended solely as a summary of an optional product called First Class Guaranteed Auto Protection (subject to program exclusions, limitations, and conditions).

Contact us about GAP insurance today.