Ease of Mind
The Guardian Car Debt Protection Program can waive covered GAP amounts of up to $50,000.
Flexibility
Full coverage on purchases of new and pre-owned vehicles valued or financed up to $125,000.
Debt Protection
GAP Exposure
The value of your new or pre-owned vehicle starts to depreciate the moment you take possession of it. If a total loss occurs, you are personally responsible for the difference between what you still owe on your vehicle and the primary insurance carrier’s settlement amount, commonly referred to as the “GAP.”
Additional Benefits
Streamlined Processing
For efficient and accurate processing, the GAP benefit is paid directly to the lienholder to be applied to your loan or lease.
Deductible Benefit
Your primary insurance carrier’s deductible may be covered up to $1,000.
Money-Back Guarantee
A full refund will be provided if you cancel your GAP Waiver within 30 days of purchase, providing no benefit has been waived. After 30 days, your refund will be pro-rated.
*Programs may vary by dealer, lender, and/or state
GAP Benefit Example
| Net loan payoff balance | $33,977 |
| Less primary insurance carrier settlement | ($29,040) |
| Less vehicle service contract refund | ($700) |
| Outstanding Loan Balance | $4,237 |
| Less primary insurance carrier’s adjustment (Wear & Tear) | ($175) |
| Potential Guardian Car Debt Protection Program GAP benefit | $4,062 |
| Final loan balance (your out of pocket expense) | $175 |
This example is for demonstrative purposes and is only provided to show you what a potential benefit breakdown may look like.