If you think that your auto insurance covers you financially, think again.

In the event your vehicle is deemed a total loss due to an accident or theft, your insurance policy will only cover the Actual Cash or Market Value of your vehicle. This amount could be significantly less than the amount you owe to your lender or leasing company.

The result is a financial GAP.

This means that you must make up the difference...which could mean thousands of dollars out of your pocket.

• How GAP works
• GAP covers the difference
• How to protect your investment
• Peace of Mind

• Program Description
• Claim Requirements
• Program Disclaimer

How GAP works

How to protect your investment

Simply agree with your lender to waive your responsibility for the GAP amount by purchasing
a Financial GAP Waiver.

This agreement between you and your lender
or leasing company will waive the difference between your outstanding loan or lease balance and the greater of your primary insurance settlement or the actual cash value of a
covered vehicle on the date of loss.

Peace of Mind

Since the market value of your new vehicle starts to depreciate the moment you take possession and since your insurance usually does not cover the entire amount you owe on a lease or loan if your vehicle is totaled or stolen, with GAP, you're investing in peace of mind. Before you drive your car off the lot, ask yourself, Can I afford not to have GAP Protection?

Program Description

• GAP amount may be waived
• On new and pre-owned vehicles
• On loans and lease
• Deductibles up to $1,000 are covered
• Cost is pennies a day

Claim Requirements

• In the event of a total loss, the Program Administrator needs a minimum of the following information: GAP Claim Checklist (pdf)

Program Disclaimer

STONEBAY MAY CHANGE THE PROGRAMS OR PRODUCTS MENTIONED AT ANY TIME WITHOUT NOTICE. ADDITIONALLY, ALL INSURANCE PRODUCTS REFERRED TO IN THIS WEB SITE ARE SUBJECT TO AVAILABILITY AND QUALIFICATIONS. PRODUCT TERMS, CONDITIONS, AND EXCLUSIONS NOT DESCRIBED IN THIS WEB SITE MAY APPLY.