Sears Imported Autos

Help protect your investment with coverage that bridges the GAP 

In the event your vehicle is deemed a constructive total loss due to an accident or theft, your auto insurance policy usually covers the fair market or actual cash value of the vehicle.

The amount you owe your Lender may be more than your insurance settlement. This difference or gap, could cost you thousands of dollars.

Guaranteed Asset Protection (GAP) waives the difference between your Primary Insurance Settlement and the outstanding balance of your vehicle on the date of loss.

HOW GAP WORKS

	Net Payoff $23,000    Insurance Settlement Amount - $20,000    Difference Owed = $3,000    Total GAP Coverage - $3,000    Your Out-of-Pocket Expense = $0
	(for illustrative purposes only)

GAP Covers the Difference and More

• Protects new and used vehicles
• Protects vehicles valued up to $100,000
• May cover your insurance deductible up to $1,000
• Waives losses up to $50,000