INEOS GAP
Total Loss? We will help take care of you during this stressful event.
In the unfortunate event of your vehicle being stolen, totaled, or otherwise declared an insured total loss, your auto insurance may only cover the actual cash value of the vehicle—not the remaining balance on your loan or lease*. The INEOS GAP Protection Plan steps in to cover the difference, ensuring you are not left with out-of-pocket expenses.
Covers the GAP
- Pays the difference between the insurance settlement and the remaining balance of your auto loan or lease.
- Includes coverage for insurance deductibles up to $1,000.
Protects Your Financial Stability
- Eliminates the financial burden of a totaled or stolen vehicle.
- Assures a positive financial transition by preventing out-of-pocket expenses.
Enhances Loan Protection
- Covers up to 150% of the vehicle’s MSRP or NADA value.
- Available for loan or lease terms up to 84 months.
Why Do You Need GAP Coverage?
Let’s assume you financed a $30,000 vehicle and two years later, it was totaled in an accident. At the time of loss:
- Your loan balance: $18,000
- Insurance settlement: $14,000
- GAP (difference): $4,000
- Insurance deductible: $1,000
Without GAP Protection, you would owe $5,000 out of pocket.
With GAP Protection, you pay $0.*
Eligibility Highlights
- Available for new and pre-owned vehicles.
- Protects vehicles with values up to $50,000.
- Program eligibility and details vary by lender, dealer, and state.
Why Choose INEOS GAP Protection?
- Safeguard your credit rating.
- Avoid unexpected financial burdens.
- Drive with peace of mind, knowing you’re covered against total loss.