You get in an accident and your vehicle is totaled. You have no car and insurance only covers the estimated cash value of your car, not how much you actually owe. You’re out of luck and there’s nothing you can do to recover lost money, unless you have Guaranteed Asset Protection Insurance (GAP).
What is it?
Protection for up to 84 months on vehicles valued up to $100,000 at the time of purchase. You can roll it into your original Michigan First vehicle loan.
Do you ride something that screams fun? GAP is available for a variety of other vehicles such as motorcycles, ATVs and snowmobiles.
What does it cover?
After your insurance covers their amount, GAP Insurance steps in and covers up to 125% of your vehicle’s value. You’ll then receive $1,000 towards your next vehicle purchase financed with us within 60 days.
How can I get it?
Cruising around is much more fun when you know you’re covered.