PorscheGuaranteed Auto Protection (GAP) may help protect you by waiving some or all of the difference.¹ Available on new, pre-owned, andPorscheApproved Certified Pre-Owned vehicles onPorscheFinancial Services Retail Installment Sales Contracts at the time of vehicle purchase only. ...
Guaranteed Auto Protection alias GAP insurance is a kind of auto insurance policy that vehicle owners by to protect themselves from losses caused due to the compensation received after an accident or damage. When an accident happens, you may receive the “total required amount” or “only a part...
It is not an option, feature, or benefit of your auto insurance policy. The purpose of this insurance is to financially protect car owners who have leased or financed their vehicle until they are no longer in a negative equity situation. FCAC defines negative equity as when your car is ...
Gap insurance is a type of auto insurance that covers the “gap” between the actual cash value of your vehicle and the remaining balance on your car loan or lease. This coverage is especially important for individuals who have financed their vehicles or are leasing them, as it can protect ...
Gap insurance isn’t the only way to protect yourself if your car is stolen or totaled. Depending on your needs, you may want to add one of these coverage options instead of gap insurance: New-car replacement insurance: If you’re more worried about buying a new vehicle than paying off ...
Gap insurance helps pay off your auto loan if your car is totaled and you owe more than its depreciated value. See our informational video and find out more.
That’s why it is financially smart to protect your investment with GAP Protection. If your car is deemed a total loss, GAP Protection protects you from having to pay the difference between what you owe and what your car is worth. Plus, GAP Protection reimburses your insurance deductible up...
GAP Insurance Can Protect Your Credit Lenders generally require you to carry full-coverage insurance on your car as long as you owe on it. But if it’s totaled and the insurance doesn’t give you enough to pay it off, your lender still expects to be repaid. If you don’t make good ...
Gap insurance is a type of auto insurance that you can purchase to protect yourself in case you total your car and the amount of compensation you receive does not fully cover the amount you owe on your financing or lease agreement. If the balance of your car loan is greater than the vehi...
Gap insurance is a supplemental auto policy that covers any difference between the insured current value of a vehicle and the balance of a loan or lease. If a vehicle is totaled or stolen before the loan is paid,gap insurancecovers the difference between the auto insurance payout and the loa...