For When Life Happens

If there's one thing for certain in life, it's life is going to happen. And it rarely happens at a good time. In the event of a total loss, the insurance company pays off what they determine the value of the vehicle to be at the time of loss. They look to pay as little as possible, regardless of what your remaining value is. GAP coverage is a waiver that steps in and protects you from the balance not covered by the insurance settlement.

See the example below: