What does GAP protection cover?

What is “GAP” protection?

GAP stands for Guaranteed Asset Protection. With our coverage, you can rest easy knowing you’re protected in the shocking situation of vehicle loss. If your car is declared a total loss due to an accident, theft, or natural disaster, you can protect yourself from the financial burden of an existing “gap” between the value of your car and the balance on your loan.

What does GAP cover?

Vroom GAP coverage protects you by waiving the difference from your remaining loan balance and what
the insurance company will pay.

Vroom GAP:

  • Waives covered losses up to $50,000
  • May include coverage for your insurance deductible, up to $1,000
  • Available on amounts financed up to 150% of your vehicle’s MSRP, up to $150,000

Vroom’s GAP Protection eliminates the risk.

Example Scenario:

Loan/lease balance $23,000
Cash value of vehicle -18,000
The "gap" $5,000
Insurance deductible +$500
Potential expenses $5,500
Out-of-pocket expense with Vroom's GAP Protection  $0

Who is GAP protection good for?

  • Drivers financing more than 36 months
  • Drivers financing more than 70% of the purchase price

Any questions?

Get your cost of VroomCare during the checkout process. Find your car now


If you have questions regarding coverage options, call us at 855-524-1300.

 

 

 

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