Guaranteed Asset Protection

Car insurance will cover the cost of damages and a stolen car but your auto loan could be higher than the cash value of your car. Guaranteed Asset Protection (GAP) can help you cover the difference between what the insurance company pays out and what you still owe on the loan.


What is Guaranteed Asset Protection?

GAP is a voluntary, non-insurance product designed to waive the remaining loan balance not covered by the borrower’s primary insurance carrier settlement in the event of a total loss or unrecovered theft. Your trusted partner Premier offers this cost-effective benefit for you!

This is subject to limitations and exclusions, including but not limited to loan-to-value (LTV) maximum of 125%, delinquent payments, late charges, refundable service warranty contracts and other insurance-related charges.

A woman, smiling and holding up a set of keys, leans out the driver's side window of a car. The text reads "25K Outstanding Loan Balance - 19K Insurance Settlement = 6K Deficiency Balance."

Consider This:

Your one-year old financed vehicle is totaled beyond repair…

Your loan balance is………………………………………………..$15,000

Your insurance company settlement is……………………..$10,000

(based on your vehicle’s market value and less your insurance deductible)

Total amount you owe without GAP Advantage……$5,000

Total amount you owe WITH GAP Advantage……….$0

What does GAP protect?

  • Automobiles
  • Motorcycles
  • Boats
  • Travel Trailers
  • Motor Homes
  • Jetskis

GAP Advantage also provides you with a $1,000 credit towards a replacement vehicle financed with Premier!

*The deductible is not available in NY or AK.