Guaranteed Asset Protection

Guaranteed Asset Protection (GAP)

Bridge the GAP

If your Powersports unit is stolen or damaged beyond repair, your insurance might not cover everything you owe. Insurance usually pays the vehicle’s actual cash value, which may not be enough to cover the remaining loan or lease balance. This can leave you with a financial gap of thousands of dollars.

GAP provides financial protection by covering the remaining balance of your vehicle loan or lease after your insurance pays. It can also cover your insurance deductible up to $1,000.* (Deductible benefits might vary by state.)

Benefits

Covers negative equity
May include insurance deductible up to $1,000 if your loan balance exceeds your settlement payment
Can be added to your monthly payment
Helps maintain your good credit

The Purchase
$25,000 Original amount financed
Vehicle Totaled in Accident
$22,000 Loan balance at time of loss
$15,000 Cash value of your vehicle
The GAP
$22,000 Loan balance at time of loss
- $1,000 Deductible paid by customer
- $15,000 Insurance settlement
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The GAP
$6,000 Not covered by insurance company
GAP Waiver
$6,000* Amount waived by GAP
$1,000 Reimbursed insurance deductible
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$7,000 Covered with GAP Waiver
With GAP Waiver, you owe: $0

*The amount canceled could be limited if the amount of the loan or lease exceeds a certain percentage of the actual value of the covered vehicle. The amounts cancelled vary, and there may be amounts for which you remain liable. Please consult your GAP agreement for full details of the terms and conditions of this coverage.

Eligibility:

Motorcycles, scooters, all-terrain vehicles, personal watercraft and snowmobiles.

Most makes and models, ask your dealership representative for further details.

Download Brochure

Disclaimer

This brochure gives you a general overview of Zurich's GAP waiver program. Purchase of this product is voluntary and not required to complete the retail transaction. GAP waiver programs may vary by state. The amount waived under a GAP waiver contract could be limited if the amount of the loan or lease exceeds a certain percentage of the actual value of the covered vehicle. Additionally, actual payoffs vary and there may be amounts for which you may remain liable. Please consult your GAP agreement for details.

Contact the selling dealer or Universal Underwriters Service Corporation (UUSC). UUSC is an individual member company of Zurich in North America and the administrator of the GAP waiver in all states. This program is not available in the state of New York.