In the event your vehicle is stolen or declared a total loss after an accident, your insurance company may not pay you what you still owe on the vehicle. GAP may help fill in the "gap."
Download the ModePlusSM GAP brochure for more details.
1 Illustration is for example purposes only. Actual GAP payout amount will vary based on individual factors.
You finally got the brand-new car you've been wanting for a while. But then the worst happens. You're in an accident. You're OK, but your car is totaled. The insurance company doesn't give you what you paid for the car, nor does it cover what you still owe on it.
Guaranteed Asset Protection, or GAP, can help cover the difference between what you owe on your vehicle and what your insurance company will pay you in the event of a total loss or theft of your car, SUV or truck.
Because insurance factors in vehicle depreciation, a settlement may not cover the balance on your outstanding loan. GAP may help fill that "gap."
In the event of a total loss, ModePlus GAP offers:
Your protection begins the day you complete your Mode financing and purchase ModePlus GAP.
In the event of a total loss, you can file a claim by contacting American Auto Guardian, LLC P.O. Box 1157, Arlington Heights, IL 60006-1157 1-888-919-3761 (Claims) or 1-888-919-3629 (Other Questions.) Claims must be filed within 90 days of a primary insurance settlement check date or, if no insurance coverage is in effect on the date of loss, within 90 days of the total loss event.
You can cancel at any time by contacting American Auto Guardian, LLC P.O. Box 1157, Arlington Heights, IL 60006-1157 1-888-919-3761 (Claims) 1-888-919-3629 (Other Questions).