GAP Protection

Warrantech Edge Plus GAP Protection

"GAP" is short for Guaranteed Asset Protection, and it describes the financial exposure you could incur if your vehicle becomes stolen or involved in an accident that results in a total loss.

Most insurance companies only reimburse the owner for the market value of the vehicle. Your loan or lease balance may be more than your insurance settlement. Along with your insurance deductible, this "GAP" in coverage becomes your financial burden. Our GAP Protection Program provides protection for up to 150% of the retail value of your vehicle.

How GAP Works

Loan/Lease Payoff    $18,000
Insurance Settlement*  -$13,000
Amount Still Owed    $ 5,000
Insurance Deductible  +$ 1,000
Total Owed    $ 6,000
Out-of-Pocket without GAP    $ 6,000


Loan/Lease Payoff    $18,000
Insurance Settlement*  -$13,000
Amount Still Owed    $ 5,000
Insurance Deductible  +$ 1,000
Total Owed    $ 6,000
Out-of-Pocket with GAP    $0

*Actual Cash Value of Vehicle