Guaranteed Asset Protection (GAP)-The financial protection when you may need it most
In the event your vehicle is stolen or damaged and deemed a total loss, the amount owed on your loan may be more than your auto insurance settlement. Southland’s GAP insurance protects you by paying the difference (or “gap”), which could cost thousands of dollars out of your pocket.
*Maximum GAP claim paid up to $50,000. Gap is a loan deficiency waiver and is not offered as insurance coverage.