Probably not. In most cases, your insurance will fall short of covering the full balance of your auto loan at the time of loss, leaving a substantial amount of the loan balance for you to cover.
GAP Advantage can pay up to the remaining balance of your auto loan after an insurance payout, protecting you from a financial loss. As an added benefit, GAP Advantage will help you get back on the road by providing a $1,000 allowance to finance a replacement vehicle with us.