Build relationships …
and your bottom line.

Financing a vehicle can feel like a huge risk. If something happens to a customer's vehicle before their loan or lease agreement is paid off, the impact can be devastating. But you can help protect your customers with Guaranteed Asset Protection. GAP can help pay the difference between what an insurer pays and the amount still owed on the loan.



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GAP

Guaranteed Asset Protection

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Features & Highlights

Assurant Resource Automotive is a trusted GAP coverage provider for dealerships throughout the U.S. and around the world. We’ve been serving the auto industry for more than 50 years. Dealerships trust us because of our financial strength, customizable products and supportive service.

  • Backed by the Virginia Surety Company, Inc., an A. M. Best A (Excellent) rated property and casualty insurer
  • Easily assignable to a creditor to whom the buyer/lessee of a vehicle makes the loan/lease payments
  • Waiver amount reduced by payments in arrears or late fees associated with such late payments 
  • Does not waive the difference created by financing more than 150% of the vehicle’s retail value 
  • If physical damage insurance is not in effect on the date of loss, then the value of the vehicle will be determined by using the most current edition of a nationally recognized used vehicle pricing guide 
  • Reinsured or Retro participation options available 
  • GAP plan is transferable and cancellable
  • State and lender variations apply