Principal Auto Gap

Mechanical protection for new & pre-owned vehicles
Man holding a singular car key

Principal Auto Gap

In the event that your vehicle is stolen, accidently damaged beyond repair, or otherwise declared an insured total loss, the insurance company pays the actual cash value of the vehicle at the time of loss – not what you still owe.

You are still liable for the difference between the insurance company’s settlement and the balance of your loan/lease. Guaranteed Asset Protection (GAP) fills the void left by the insurance company.

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