GAP Insurance – Guaranteed Asset Protection

There could be a big difference between what your auto insurance will pay and what you owe on your loan. Most cars depreciate by thousands of dollars as soon as they are purchased. And if your car is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference, or the “gap” between your insurer’s settlement and your loan balance. Without protection, that “gap” will come out of your pocket for a vehicle that practically no longer exists!
  • GAP Insurance with TeamRefi could save you thousands.
  • GAP is low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.
  • GAP is Low-Cost Protection for High-Cost Losses.

For just a few dollars a month, GAP can save you from making loan payments on a car, truck, or other vehicle that’s beyond repair, or stolen and not recovered. What are the chances of your car being stolen or wrecked? Consider these facts:
  • Auto theft is an estimated $7.8 billion industry, with a theft occurring every 27 seconds (Insurance Information Institute, 2000)
  • Nearly half of all stolen vehicles (46.9%) are not recovered yearly in the United States (FBI Uniform Crime Report, 2000)
  • There were an estimated 6,394,000 police-reported vehicle crashes in 2000 (National Highway Traffic Safety Administration, 2000)

It’s easy to be covered.

Apply Now to refinance you vehicle and one of our team members will answer all your questions about "GAP Coverage" during the refinance process, and remember, there is NO underwriting, NO red tape, and No hassle at TeamRefi. And for your convenience, the amount of your GAP can be easily rolled right into your monthly loan payment. Is this enough coverage for you? We also provide comprehensive Extended Warranty coverage for you vehicle. 

Refundable Feature.

GAP is even fully refundable if you cancel the coverage within the first 60 days of your loan, and is partially refundable anytime thereafter.