Traditional Guaranteed Asset Protection (GAP) Insurance provides that first layer of protection on the shortfall between the remaining loan balance on your customer’s vehicle, and the insurance settlement they might receive from their auto insurance policy.
This essentially puts them in a break-even situation… but they still need to get a new vehicle.
How is GAPrs unique?
In addition to what traditional GAP pays, GAPrs adds a replacement subsidy, so that your customer can not only settle the original financing, but they now receive a credit toward the purchase of the same or similar vehicle that they originally purchased.
To learn more, visit www.gapprotection.ca and scoll down to the ‘REPLACEMENT GAP’ section.