Protect commercial vehicles with reliable Guaranteed Asset Protection (GAP) whether they're leased, financed, or owned.
Guaranteed asset protection (GAP) is intended to protect your customers — and your investment — in the event of a total loss. If a leased or owned truck is stolen, damaged beyond repair, or otherwise declared a total loss, customers could still be responsible for paying off a portion of the truck finance insurance.
Commercial Guaranteed Asset Protection is designed to offer protection to dealers and customers alike, with two levels of loss damage waivers to choose from.
Company Statistics
- Affordable pricing that helps drive sales
- Flexible term limits to fit customer needs
- Industry-leading customer experience for claims and support
GAP & GAP Plus
How Commercial GAP waiver coverage works
Typically, physical damage insurance only covers the fair market value or actual cash value of your customers’ trucks. And, since trucks depreciate over time, this means customers could owe you more than the insurance settlement covered through a physical damage policy. GAP helps protect your customers against this scenario.
GAP covers the difference between the fair market value of a truck and the outstanding balance owed at the time of loss. In some cases, it may also cover the insurance deductible. Available on new and used trucks or trailers.
Industries we serve
Our full suite of commercial equipment products
Extended Service Contracts
Our affordable service contracts feature flexible coverage options, streamlined claims processing, and industry-leading customer service.
Physical Damage Insurance
Protect against collision, loss, theft, flood, windstorm, fire, and even accidental damage with robust, comprehensive coverage.
Non-Trucking Liability
Safeguard your business with bodily injury and property damage coverage while commercial vehicles are used for nonbusiness purposes.
Insurance Tracking
Automatic insurance and detailed tracking and reporting that keeps your assets secure and your business running smoothly.
Loss Damage Waiver
Protect rented equipment with comprehensive and reliable physical damage insurance.
Lessor’s Liability
Protect your business with contingent liability coverage for bodily injury and property damage directly related from the operation of the leased equipment.
Heavy Truck F&I Training
We offer industry-leading training for heavy truck F&l or hybrid sales professionals that's proven to help drive PVR, overall revenue, and CSI scores.
Contact the team
Get in touch with our commercial equipment sales team to learn more about how to protect your office, heavy trucking, forestry, and commercial equipment and your business.
Latest from Assurant
No articles found
No articles found