TruGAP Guaranteed Asset Protection
The simple, cost-effective way to plan ahead and enjoy worry-free vehicle ownership.
The average vehicle depreciates as much as 30% during the first year of ownership.
If your vehicle is stolen or totaled, you could end up still owing thousands more than what your primary insurance company will pay.
Why GAP Coverage?
All vehicles depreciate — and unfortunately, the value typically declines faster than the balance owed on your loan or lease. This could leave you with thousands of dollars of financial liability (or negative equity) if your vehicle is totaled or stolen, over and above what your primary insurance will pay out. In fact, you could end up having to pay for a vehicle you no longer have.
How GAP Works
With TruWarranty GAP coverage, the amount of the loan that’s not covered by your primary insurance is waived — enabling you to start fresh.
| Example Scenario | |
|---|---|
| Loan/Lease Payoff | $26,000 |
| Primary Insurance Settlement | −$20,000 |
| Balance (Negative Equity) | $6,000 |
| Total GAP Amount Waived | −$6,000 |
| Your Out-of-Pocket Expense | $0 |
Subject to GAP waiver provisions. The above example is for illustration purposes only. Actual GAP waiver calculations may vary based on specific terms and conditions.
At-A-Glance Features
| Feature | Details |
|---|---|
| Loan/Lease Protection | Waives the financial gap left on your loan or lease after primary insurance payment, up to $50,000. |
| New & Used Vehicles | Protection for financed or leased vehicles valued at up to $125,000. Commercial usage coverage is also available. |
| Up to 96 Months | Protection for the length you choose, or the complete term of your loan or lease. |
| Deductible Reimbursement | Pays your primary insurance deductible up to $1,000. |
Coverage Details
TruWarranty offers coverage for new, used, and commercial vehicles valued or financed up to $125,000. They pay your insurance deductible up to $1,000 and match the terms of your loan or lease up to 96 months. Premiums are incredibly affordable, and the amount can be included right in your vehicle’s finance or lease agreement.
For Claims
Call: 866-217-5309
TruWarranty — 532 S. Main Street, Joplin, MO 64801
truwarranty.co
This page is for reference only. Please refer to the GAP waiver provisions for additional information including details of benefits, specific exclusions, conditions, and limitations. Programs may vary by dealer, lender, or state.
Ready to explore your options at Shaver Preferred Motors in Merrillville?
