Advantage Bank

Guaranteed Auto Protection

Fill the GAP in your auto insurance with Guaranteed Auto Protection.

Your Car Insurance Does Not Cover Everything!

If you think your auto insurance covers you financially . . . think again. If your vehicle is declared a total loss due to an accident or theft, only the actual market or cash value of your car will be covered by insurance. This amount could be much less than the amount owed on your loan, especially if you financed the tag, title, and tax. The financial gap left over is a difference that you have to pay. This could be thousands of dollars, all out of your pocket!!!

Guaranteed Auto Protection “GAP” Pays The Difference!

How can you avoid a financial loss? Simple, ask your lender for GAP protection. It can ease the financial burden resulting from a loss to your vehicle. All you have to do is make an arrangement with your lender to purchase this protection.

How GAP Really Works!

Loan Payoff:$15,000
Insurance Settlement:$11,500
GAP Difference:$3,500
GAP Payment:$3,500

More About GAP:

  • The cost is pennies per day
  • The maximum GAP amount is $50,000
  • GAP will pay your deductible up to $1,000
  • You must have a deficiency balance for any portion of the deductible to be covered
  • Talk to your lender for full details