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GAP Insurance (Guaranteed Asset Protection Insurance)

GAP Insurance is important to have when your trailer is financed. If your trailer is involved in an accident or damaged; the insurance company will only cover the "Actual Cash Value" of your trailer. If you owe more on the loan than the value of your trailer, that is called the gap. As the owner you are responsible to pay for this gap in coverage unless you have a product like GAP Insurance. When finance or lease your trailer GAP Insurance will give you peace of mind that you can rely on.

GAP Insurance is very affordable, and we highly recommend it if you finance your trailer.

Pays off the remaining principal balance on your loan or lease plus your deductible*, in the even of a total loss.

For just a small addition to your monthly payment, you are protected for the life of your loan or lease.

GAP Insurance is available to cover most types of financial contracts, including loans, balloon loans, and leases.

To often people assume that insurance companies will cover any loss related to their trailer. In reality, the Actual Cash Value an insurance company places on your trailer may be substantially less than the outstanding loan or lease balance. Consequently, if your trailer is damaged or stolen, and is deemed a total loss you may be responsible for the "GAP". This GAP amount is the difference between the amount required to pay off the loan or lease, and the Actual Cash Value determined by the insurance company.

Protect Your Investment
Ask us to explain how GAP Insurance can work for you. When you sign-up for coverage, you will be choosing the protection that allows you to enjoy your trailer free of "GAP" worry. You can easily add GAP Insurance to your loan or lease for just a small addition to your monthly payment.

Ask about it when you place your order with!

Download the Galt GAP Protection Brochure.


*Deductible payments not may not available in some states. Maximum deductible varies by lender and dealer. Consult with your GAP Insurance contract for details as to actual coverage.





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