Total Loss Protection (GAP)

A full-term protection program for new & pre-owned vehicles to help protect you and your credit rating.

Generally, vehicles are declared a ‘total loss’ when the repair cost approaches the wholesale value, or when the damage affects the frame itself. With today’s repair costs, your vehicle is more likely to be written off as a total loss than repaired.

Our Total Loss Protection:

  • Is available for the full-term of your loan or lease up to 96 months
  • Covers loan or lease amounts of up to $125,000
  • Gives you peace of mind at the time of an accident

Insurance coverage that protects you when there is a total loss of your vehicle.

The difference between your primary insurance settlement and the amount still owing to your financial institution is known as the “GAP”. This typically represents thousands of dollars on a total loss of your vehicle.

Total Loss Protection makes the “GAP” payment for you plus covers your deductible up to $1,000.

For example:

$24,000 (Outstanding loan or lease balance)
– $17,000 (Auto insurance valuation)
$ 7,000 (GAP) + up to $ 1,000 (Auto insurance deductible)

Total Loss Protection

Avoid many of the unexpected out-of-pocket expenses related to a total loss.

  • Pays your deductible of up to $1,000
  • Protects your credit rating
  • Could save you up to $50,000 by covering the “GAP” in your insurance settlement
  • Gives you peace of mind at the time of a total loss

GAP Loyalty Program

  • Receive a $500 Loyal Customer Credit when purchasing your replacement vehicle through your original dealer
  • The $500 Loyal Customer Credit is deducted directly from the selling price of your replacement vehicle

Interested? Contact Brandy Bojnordi (Financial Service Manager) at 705.746.2991 or