Guaranteed Auto Protection (GAP)

Bridge the GAP

Nothing can be quite as exciting as driving your new vehicle off the dealership lot for the first time. Unfortunately, a new vehicle’s value typically depreciates at a fast rate. If you are making loan payments and your vehicle is stolen and not recovered, totaled in an accident, or damaged beyond repair due to a natural disaster, your auto insurance alone may not be enough to cover the outstanding balance. Insurance typically covers the vehicle’s actual cash value rather than the total amount remaining on your loan. This could leave a financial “gap” of thousands of dollars, a gap you would be responsible for paying.

Guaranteed Auto Protection (GAP) offers financial protection and peace of mind, waiving or canceling the remaining balance of your vehicle loan after the payment from your insurance company.* Your insurance deductible of up to $1,000 may also be covered.

GAP Waiver formula

Car purchased
$75,000 Original amount financed
Car totaled in accident
$67,000 Loan balance at time of loss
$60,000 Vehicle cash value at time of loss
(Per insurance company)
The GAP
$67,000 Loan balance at time of loss
- $1,000 Deductible paid by customer
- $59,000 Insurance settlement
--------------------------------------------------
The GAP
$7,000 Amount not covered by insurance settlement
GAP Waiver
$7,000 Amount waived by GAP
+ $1,000 Reimbursed customer deductible
--------------------------------------------------
$8,000 Covered with GAP Waiver
With GAP Waiver, you owe nothing: $0

Vehicle Eligibility

Gas combustion, hybrid and electric vehicles

Most makes and models, ask your dealership representative for further details.

Download Brochure

Legal Disclaimer

This brochure gives you a general overview of Zurich’s GAP waiver program available in California and other states. Purchase of this product is voluntary and not required to complete the retail transaction. GAP Programs may vary by state. The amount waived under a GAP waiver contract could be limited if the amount of the loan or lease exceeds a certain percentage of the actual value of the covered vehicle. Additionally, actual payoffs vary and there may be amounts for which the buyer may remain liable, including the auto insurance deductible. Please consult the GAP agreement for details. In California, contact Universal Underwriters Service Corporation, an individual member company of Zurich in North America, the administrator of the GAP waiver program with questions. In other states, contact the selling dealer or Universal Underwriters Service Corporation, an individual member company of Zurich in North America, the administrator of the GAP waiver program with questions. In California, UUSC operates under its d/b/a UUSC Service Company (CA License #0C17302).