Resource Automotive: Offering GAP Insurance to protect your customer's investment and peace of mind.

Guaranteed Asset Protection
With the risks presented by the possibility of total loss due to collision or theft, many customers are exposed to unexpected financial challenges that they likely have not considered. The shock of being faced with a significant termination deficiency caused by a low down payment, refinanced negative equity or excessive vehicle depreciation can, at the least, be inconvenient and, at the worst, be credit impairing.

Resource Automotive offers GAP for use in conjunction with dealer arranged financing. With lower down payments, longer terms and a high incidence of customers refinancing negative equity, GAP has become an increasingly important product for your customers. GAP pays the resulting termination deficiency on the customer's loan when the customer's total loss insurance settlement (net of deductible) is less than the amount the customer owes (subject to limitations in the GAP contract).

GAP benefits are reduced by any payments in arrears; fees associated with delinquency; any insurer settlement deductions for salvage, storage, towing, rental, un-repaired damage or vehicle valuation.

* Deductible amount covered varies by state.