Essential Protection: GAP Waivers for Commercial Vehicles

Protect Dealer Customers with Reliable Guaranteed Asset Protection

Guaranteed asset protection (GAP) is intended to protect your customers — and your investment — in the event of a total loss. If a leased or owned vehicle is stolen, damaged beyond repair, or otherwise declared a total loss, customers could still be responsible for paying off a portion of the vehicle finance insurance.

Assurant Features & Expertise

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    Affordable Pricing

  • Flexible Term Limits

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    Industry-leading Customer Experience

  • Blue and black icon of a graph

    Affordable Pricing

  • Flexible Term Limits

  • Black and blue icon of a customer service rep

    Industry-leading Customer Experience

GAP Protection Solutions

Guaranteed Asset Protection

Provide customers with peace of mind by covering the difference between the value of financed commercial vehicles and the amount owed on the loan in the event of a total loss. Available as a standalone product for commercial trucks and trailers.

Guaranteed Asset Protection Plus

Protect customers by providing standard GAP coverage plus an additional benefit that waives 10% of the original vehicle price for a Class 8 truck up to $15,000 or 10% off the original vehicle price for Class 3 to 7 trucks up to $7,500.

How GAP Coverage Works for Your Customers

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Typically, physical damage insurance only covers the fair market value or actual cash value of your customers’ truck. And, since trucks depreciate over time, this means customers could owe you more than the insurance settlement covered through a physical damage policy. GAP insurance helps protect your customers against this scenario.

GAP covers the difference between the fair market value of a vehicle and the outstanding balance owed at the time of loss. In some cases, it may also cover the insurance deductible. Available on new and used trucks or trailers. 

Companies We Partner With

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Dealers

Build customer loyalty with immediate, tailored, and seamless coverage at the point of sale, including extended service contracts, physical damage insurance, loss damage waiver, guaranteed asset protection, and non-trucking liability.
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