GUARANTEED ASSET PROTECTION

Auto Shield's Guaranteed Asset Protection (GAP Insurance)

Help safeguard customers with Guaranteed Asset Protection to protect them from unexpected curve balls—like an accident that’s considered a write-off, or an unrecovered theft—leaves them in a negative equity situation because their insurance provider will not cover the amount owing on the vehicle.

Guaranteed Asset Protection (GAP Insurance) is the only insurance that can protect them, with benefits including:

Coverage for up to 7 yearsrnAvailable for loans up to $100,000rnCovers negative equity shortfallrnPay-out based on amount financed, not black-book valuernCovers primary auto insurance deductible rnOriginating Dealer Loyalty Bonusrn

Traditional GAP Insurancern

Traditional GAP Insurance provides the first layer of protection

Covers the shortfall between the remaining loan balance on the vehicle and the settlement you may receive from your insurance company. This essentially puts you in a break-even situation but you will still need to replace your vehicle.

GAP Insurance Replacement Financern

GAP Insurance Replacement provides the first layer of protection and provides a replacement subsidy.

Covers the shortfall between the remaining loan balance on the vehicle and the settlement you may receive from your insurance company and provides a credit towards the purchase of the same or similar vehicle that you originally purchased.

GAP Insurance Return to Invoice Leasesrn

Gap Insurance Return to Invoice pays the difference between the insurance marketplace value at the time of loss and the original invoice price on the amount of the outstanding contract. Whichever is higher.

Covers the financial difference between the insured value and the purchased price of the insured vehicle as confirmed by the net invoice price, or if greater the amount of the buyout (early settlement figurern

read more... http://www.goautoshield.com/GAP-Insurance.htmrn