What Is The Purpose Of GAP Insurance?

GAP insurance provides you with financial protection against loss if your vehicle is written off. It is quite common for the insurance company’s settlement to be insufficient to close off the loan. This can create a gap. GAP protection ensures you don’t pay for this gap out of pocket.

What Happens If You Don’t Have Gap And The Vehicle Is Written Off?

In such circumstances, you are responsible for the original loan balance, and payments will still be required even though your vehicle is no longer on the road. This can put your credit under stress and risk of default payments. Many financial institutions limit applicants to financing one vehicle at a time. As a consequence, you might not be able to purchase a replacement vehicle until the gap difference between your original loan and insurance settlement is paid off, out of your pocket.

What We Offer:

By purchasing GAP insurance from Titanium Auto, you will receive the following benefits:

• GAP protection up to $50,000
• GAP protection that includes negative equity, tax, and all add-on’s such as winter tires and warranties
• $1,000 coverage towards paying your insurance deductible
• $250 coverage towards getting a rental car
• $500 loyalty rebate towards your next vehicle

How Much Is GAP Insurance?

As always, we pride ourselves in having the best prices on our products and services. Our GAP insurance price is a one-time fee that gets divided in your payments. Our policies provide protection for the whole term of your financing. The initial cost begins at $1,176 +8% RST, and it varies according to the term length, extending up to $1,736 +8% RST.

Please Note: Gap insurance is only available from car dealerships or financing companies; it is not available from regular insurance companies.This information is provided for illustration purposes only and does not replace or add to the GAP contract. It is an outline and the content may change without notice. All benefits described are subject to the terms and conditions of the GAP provider.

The above illustrations are not a contract, they are limited and intended to outline the range of coverages available. Please refer to your warranty contract for full coverage information and exclusions.