Guaranteed Asset Protection
If your vehicle is totaled or stolen, insurance may only pay part of your remaining loan balance. You are responsible for what’s not covered by your insurance — the “gap.” That’s where Texans' Guaranteed Asset Protection (GAP) coverage steps in. For a low, fixed cost, GAP coverage can help cover the difference so your money stays where it belongs — in your pocket.
Imagine you total your vehicle and:
Your vehicle loan balance is $14,000
Your insurance only pays $11,000
Amount still owed on your loan: $3,000
Fortunately, with Texans' GAP coverage, the $3,000 balance remaining may be covered.
- Available on most new and used auto, motorcycle, watercraft, and RV loans at a low, fixed cost1
- Easy to add to your loan at time of closing — no extra underwriting or hassle
- Add this peace of mind to your existing Texans Auto Loan up to 60 days after closing
To add GAP insurance to an existing loan, contact the Texans Lending Department. For GAP coverage on a new loan, select the option during your loan application process.
Start Protecting Your Vehicle Today