Guaranteed Asset Protection


GAP products are available in :


AutoHeavy Truck
AlbertaSaskatchewan
ManitobaOntario
OntarioPrince Edward Island
Prince Edward IslandNova Scotia
Nova ScotiaNew Brunswick
Newfoundland and LabradorNewfoundland and Labrador

GAP pays the difference between the Total Loss payout (due to fire, loss or accident) by your primary insurer and the outstanding financed amount. GAP is a warranty program that protects you against negative equity on your vehicle and is applicable to New or pre-owned Vehicles, Recreational Vehicles, motorcycles, personal watercraft, heavy trucks and equipment.

There are three distinct GAP programs available, one that is customized for Automobiles, Recreational Vehicles, motorcycles, personal watercraft under ‘Companion GAP’, one for Automobiles under 'Companion GAP Plus' and one that is customized for heavy trucks and equipment created with Daimler Truck Financial (DTF) under ‘GAP Platinum Protection Plan’.

 

  1. The Companion GAP Advantage

    • Protect yourself against negative equity and vehicle depreciation
    • Coverage for new or pre-owned Vehicles, Recreational Vehicles, motorcycles and personal watercraft
    • Protection up to 7 years from the date of purchase
    • Up to $30,000 of shortfall coverage
    • Covers vehicles with a purchase price of up to $150,000
  2. The DTF GAP Platinum Protection Plan Advantage

    • Protect yourself against negative equity and truck/equipment depreciation
    • Coverage for new or pre-owned heavy trucks and equipment
    • Protection for up to 66 months from the date of purchase
    • Up to $30,000 of shortfall coverage
    • Covers heavy trucks and equipment with a purchase price of up to $200,000