Guaranteed Auto Protection (GAP) helps your customers protect their vehicle and avoid the large balances due in the event of a total loss. If a covered vehicle is either totaled or stolen, GAP will pay the difference between the outstanding loan balance at the time of loss and current value of the vehicle (before the loss), plus up to $1,000 of the customer's primary insurance deductible. American Assurance offers the highest-quality gap in the industry, fully backed and insured by Old Republic Insurance Company. Some features and benefits are:

• Available on loans up to 150% of the vehicle's NADA     retail value
• It pays the deductible up to $1000
• Pays up to $50,000 in benefits
• Fast claim turn-around time
• Does not penalize the customer if the insurance company payout is
• Low compared to actual retail value
• Reinsurance is available for large-volume accounts

American Assurance Guaranteed Asset Protection, also known as GAP, covers the financial gap between the actual cash value of a vehicle and the payoff amount of the loan or lease in the event of a total loss. Some features and benefits of GAP are:

•  Available on New and Pre-owned Vehicles
• Terms up to 84 months and up to 150% of MSRP
• Protection for Vehicles Valued up to $100,000
• Covers Losses to a Maximum of $50,000
• Coverage of the Vehicle’s Primary Insurance Deductible up to $1,000