Compass GAP is a Guaranteed Asset Protection program administered by
American Guardian. If your vehicle is totaled or stolen, your vehicle may
be worth less than what you owe on the vehicle loan at the time of the loss. Compass
GAP helps protect you in situations like this.
What is GAP?
G.A.P. stands for Guaranteed Asset Protection. During the first few years
of ownership, the probability of the actual cash value of your vehicle being worth
less than the loan payoff is high. If your car was deemed a total loss, the "GAP"
could translate into thousands of dollars still owed after your insurance company
paid the actual cash value of the vehicle.
Guaranteed Asset Protection (GAP) covers the difference between the actual
cash value of your vehicle and the amount of the loan at the time it was stolen
or totaled in an accident.
Compass GAP is administered exclusively by American Guardian
Warranty Services, Inc., an A+ rated member of the
Better Business Bureau.
Limitations of Coverage
This information is intended to provide only an outline of the Terms and Conditions
of the Policy described in this brochure and should not be relied upon at time of
purchase of your vehicle. For exact terms and conditions, of the contract please
review the policy itself.