RpmPlus Auto Guaranteed Asset Protection Plus (GAP)
GAP Plus helps waive what insurance doesn’t cover
If your customer's vehicle is declared a total loss due to an accident, theft or natural disaster, their primary insurance company may only pay for the amount equal to their assessment of the market value of the vehicle at the time of the total loss, less the deductible amount. Unfortunately, there may be a significant “gap” between what the primary insurer pays and the balance they owe on their vehicle finance agreement. RpmPlus Auto Guaranteed Asset Protection (GAP) Plus may help protect your customer by waiving some or all of the difference.¹
1 Please refer to Addendum for details. GAP programs vary by dealer/lender/state of purchase. Maximum eligibility limits, coverage limits, and exclusions apply. Note that your customer remains responsible for past due payments, late fees, other charges on their vehicle finance agreement, and any other amounts that are not covered by the GAP product.
2 Primary insurance deductible coverage is not available in all states. See state-specific provisions in the Addendum for complete details.
3 The GAP Plus product is not available in all states. The $1,000 GAP Plus benefit is only valid at the selling dealer in the form of a credit toward the purchase of a replacement vehicle. The GAP Plus benefit is only available if a GAP waiver benefit has been approved.
4 Additional exclusions may apply. Please see Addendum for specific coverage details, including limitations and exclusions.