Product Overview
Your vehicle is more than just a ride—it’s part of your daily life. But if it’s stolen or declared a total loss, your insurance payout might not cover everything you still owe to your finance company. That remaining balance? It could leave you paying out of pocket for a vehicle you no longer have.
Our Total Loss Protection Plan, also known as GAP (Guaranteed Asset Protection), may waive the difference you owe your finance company in the event of a total loss and help you with these unexpected expenses.
Here’s what sets us apart:
- New and used vehicles—whether leased or purchased.1
- May waive up to $1,000 of your auto insurance deductible.
- Reliable, digital claims experience helps you get back on track quickly.
- Offers added protection during the years your vehicle depreciates most.
- Easily rolls into your existing monthly vehicle financing.
Help Protect Your Investment
Important Legal Information
This information is intended to provide only an outline of the terms and conditions of the Total Loss Protection Plan and should not be relied upon at the time of purchase or lease of your vehicle. Certain terms, definitions and exclusions may not apply in your state. For exact terms and conditions, please review the Total Loss Protection Addendum itself.
This is an optional waiver product and not a product of insurance. It is cancellable and not required for you to obtain financing for the purchase or lease of a vehicle. The Plan excludes total loss claims denied by your automobile insurance company and excludes vehicles used for the purpose of commercial rental, limousines, taxis or shuttles. Claims must be submitted within 90 days of auto insurance company settlement or date of loss, if no insurance exists.
Upon refinancing or payment in full of your Retail Installment Sales Contract/Lease Agreement, the contract will terminate. To receive a refund, you must submit a written request to the Dealer or Total Loss Protection Administrator within 90 days after termination.
The waiver amount may decrease over the term of the finance contract. Total Loss Protection may not cancel or waive the entire amount owing at the time of loss. This Addendum is not a substitute for collision, comprehensive or property damage insurance.
1. See Contract for a full description of all applicable terms, conditions, limitations, and exclusions.
2. This amount will be reduced by amounts owed due to, for example, unpaid installments, delinquency fees, uncollected service charges and refunds owed on cancellable products financed with your vehicle.
Administered by Jim Moran & Associates, Inc. | P.O. Box 8566, Deerfield Beach, FL 33443