Q: What is GAP?
A: GAP is a program that provides protection for both the customer and lending institution. GAP stands for Guaranteed Asset Protection. Due to depreciation and other factors, there may be a time period during the loan or lease when a customer may owe more on their vehicle then the current retail value of their vehicle, as determined by the primary insurance carrier. Trusted GAP is designed to pay that difference.
Q: What about the customers deductible?
A: The TRUSTED GAP Program is designed to pay up to $1000.00 of the primary carrier deductible
Q: Can I cover Motorcycles?
A: Yes, we also have plans that cover RV's and Heavy Duty Commercial Vehicles.
Q: Can GAP Be financed?
A: Yes, the GAP program must be sold at time of loan/lease inception and itemized on the loan/lease contract. the TRUSTED GAP Program also has most major lender approvals.