GAP Insurance

Protect your vehicle with Guaranteed Asset Protection (GAP) Insurance. GAP protects you from a potential loan deficiency and covers the "gap" between the value of your investment and the amount you still owe in the event of a loss.

For more information on purchasing GAP for your next vehicle, call us at 281.422.3611 or 800.238.3228, or stop in to speak with a Personal Financial Officer today!!

Guaranteed Asset Protection Original purchase price $18,000 Loan balance after one year $14,000 Insurance ACV determination $12,000 Less the deductible $1,000* Insurance settlement check applied to loan balance $11,000

Your lost investment without GAP: Your remaining unpaid loan balance (the gap) $3,000 Total GAP Benefit $3,000