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Guaranteed Asset Protection

GAP coverage waives the difference between an outstanding loan balance and the actual cash value of a vehicle in the event of a total loss.

For franchise dealers we offer coverage up to 150% MSRP on new vehicles or 150% NADA average retail value for used vehicles.

Non-franchise dealers can get coverage up to 125% MSRP on new vehicles or 125% NADA average retail value for used vehicles.

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    Pays up to $1,000 of customer's primary insurance deductible

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    Maximum terms of 84 months

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    Maximum amount financed: $100,000

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    Limit of liability: $50,000 per payable loss

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    Special forms available for FMC and TFS

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