GAP
Help protect your vehicle with GAP.
A car is a pretty big investment. You might think your auto insurance provides all the protection you need if your vehicle is totaled or stolen. But you could be in for an unpleasant surprise.
Guaranteed Asset Protection (GAP)
While auto insurance covers the replacement value of the vehicle, you are still liable for the difference between the insurance settlement and the remaining balance on your loan – which can amount to thousands of dollars!
In other words, if you owe $13,000 on an auto loan but the replacement value for your car is just $10,000, and your car is totaled or stolen, you still owe the difference ($3,000) on the loan.
Guaranteed Asset Protection helps ease your financial burden by paying the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.
Connect with your Loan Specialist to learn more about GAP Insurance or call 877.MY.METRO for more information.
