Help protect your investment with coverage
that bridges the GAP
In the event your vehicle is deemed a constructive total loss due to an accident or theft, your auto insurance policy usually covers the fair market or actual cash value of the vehicle.
The amount you owe your Lender may be more than your insurance settlement. This difference or gap could cost you thousands of dollars.
Guaranteed Asset Protection (GAP) waives the difference between your Primary Insurance Settlement and the outstanding balance of your vehicle on the date of loss.*
Typical GAP situation:
For illustration purposes only
|Original Loan/Lease Amount
|$11,000 less $1,000 Deductible
|Potential Out-of-Pocket Expense
|GapGARD Pays to Lendor/Lessor
|Out-of-Pocket Expense with GAP
- Protects new and used vehicles
- Protects vehicles valued up to $100,000
- May cover your insurance deductible up to $1,000
- Waives losses up to $50,000
GAP is underwritten by Wesco Insurance Company: a subsidiary of AmTrust Financial Group, Inc.
(*) Programs and coverages may vary by dealer/lender/state. Please refer to your GAP waiver/certificate/policy for details of the terms and conditions of this coverage.
Fast response and excellent service are just two reasons why motorists rely on
CareGARD’s Products for vehicle protection.
For more information or for a CareGARD representative near you please call
and ask for the sales department.
CareGARD Claims Department is open 24/7.
1900 Champagne Blvd.
Grapevine, Texas 76051
Copyright 2008 Automotive Financial Group, Inc.
All rights reserved.