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GUARANTEED ASSET PROTECTION

We specialize in offering Guaranteed Asset Protection (GAP) for Commercial Trucks who have a Gross Vehicle Weight (GVW) of more than 10,001 pounds and any Commercial use Trailer nationwide through our approved Truck Dealerships and Lending Institutions. We are committed in providing a quality program with exceptional customer service and exceptional claims handling protecting the Customers, Dealerships and Lenders. Protect your Investment. Call today to see how we can help you or ask your Dealer or Lender about how to purchase a GAP waiver addendum from us.

What does GAP stand for: GAP, an acronym, is also referred as Guaranteed Auto Protection or Guaranteed Asset Protection.
What is a GAP waiver: In case of a total loss due to an accident or unrecovered theft, the GAP waiver is designed to relieve the difference between what the primary insurance company paid out to the borrower and the borrower actual balance owed to the finance company/lender. Please read the conditions and exclusions on the contract.
How does the Deductible Buy Back work: The Primary Insurance deductible is covered as part of the unpaid loan balance and it is covered up to $1,000 through the claim settlement process.
How is GAP Calculated: Let’s say you purchase a new or used Truck or Trailer for $50,000. You have a balance owed to the lender for $45,000. You have an accident and the vehicle is deemed a Total Loss or Unrecovered Theft. Your Primary Insurance Company settles the claim and pays you $40,000. If you have GAP, it will pay the remaining balance of $5,000 directly to your lender/lessor on your behalf. Please read the conditions and exclusions on the contract.

PROGRAM SCOPE

Loan or Lease Terms: Up to (72) Months of Financing or Leasing.
Trucks and Trailers: Any kind of Commercial Truck that is over 10,001 pounds. Any kind of Trailer for Commercial use only.
Maximum Financing or Leasing: The Maximum Finance Limit is up to $150,000.
Benefits: Paid up to $50,000. The amount Paid on any one claim shall not exceed $50,000 in total.
Maximum Percentage of Vehicle Value of Loan or Lease: 115% of MSRP or NADA Truck Retail Value
Primary Insurance Deductible: We cover your Primary Insurance Deductible up to $1,000 where its allowed by Law.

Dealerships, Lenders and Insurance Agents

If you are interested in our product and want to build a business relationship with us, please feel free to contact us at our toll free number 1-844-939-2100 or send me a direct email to jromero@gappcorp.com.

Contact Us

1-844-939-2100

info@gappcorp.com

Physical Address:
2332 Galiano Street,
Suite # 200
Coral Gables, Florida 33134

Mailing Address:
P.O. Box 160934
Miami, Florida 33116

Disclaimer

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