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Is your investment
covered in a
total loss?

Unless you have
GAP coverage,
the answer is no.

Gaurdia Gap

If your vehicle is stolen or declared a total loss after an accident, your insurance company will pay out an amount based on the actual cash value (ACV) of the vehicle. Since the value of cars depreciate quickly, what you get for the replacement value may be far less than what you paid and well below what you owe on your loan or lease. This ‘gap’ between what your insurance pays and your loan balance is your responsibility and that can amount to a lot of money!

Protect yourself from having to pay off a vehicle that you can no longer drive with Guardia GAP, an option that covers the difference between what you owe and what the vehicle is worth if it is stolen or totaled. Guardia GAP covers this gap so that you don’t have to go into financial ruin over a vehicle that no longer exists.

Avoid getting stuck with car payments and no car

How does GAP work?

Say after only a couple of payments, your car is totaled. You currently owe $25,000 on your loan or lease at the time of the accident and the insurance company determines that the actual cash value is $20,000. You have a $500 deductible, so the insurance settlement is $19,500, which leaves you responsible for the remaining $5,500 unless you have GAP coverage.

Actual Cash Value = $20,000

Less deductible -$500

Insurance Settlement = $19,500

Loan/Lease Balance = $25,000

Your responsibility
without GAP: $5,500

Your responsibility
with GAP: $0

  • Benefits up to $50,000
  • Deductible coverage up to $1,000 as limited by state provisions
  • Coverage throughout the term of loan or lease, up to 84 months
  • Commercial utilization option available
  • Protection begins day one/mile one
  • Fully insured and backed by the financial strength of an A-rated carrier

GAP coverage must be purchased on the same date as your vehicle so ask your dealer about a Guardia GAP waiver and avoid getting caught covering the gap.

For more information about Guardia GAP, contact

GAP is optional. Your purchase of it will not affect your application for credit or the terms of any existing credit agreement you may have.

There are eligibility requirements, conditions and exclusions that could prevent you from receiving benefits under GAP. You should carefully read the contract for a full explanation of the terms.