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GAP Coverage

GAP COVERAGE OVERVIEW

Chevrolet GAP Coverage protects you from paying a loan on a vehicle that is a total loss. In that event, this plan can help cover the amount you owe on the loan that your insurance doesn't cover, including your deductible.

Key benefits include:

  • Available for new and leased vehicles, only at the time of vehicle purchase
  • Can be canceled at any time
  • Offered in terms ranging from 12-84 months
Chevrolet Protection GAP Coverage Illustration

Don't pay for a total loss

GAP Coverage can waive the deficiency amount between you and your loan's unpaid finance balance and the settlement amount offered by your insurer in the event of a total loss. Ask us for Chevrolet GAP Coverage-the only plan with the same name as your vehicle.

What's covered

  • Available for finance amounts up to $125,000
  • Can waive your financial loss up to $75,000, which can include up to $1,000 of your insurer's physical damage deductible

Get covered longer

  • Available terms range from 12-84 months

Exclusions

  • Losses occurring prior to the date of the GAP Addendum
  • Losses caused by theft, unless you or your financial institution/lender file a police report
  • Any loss that falls outside the standard or optional equipment available from the manufacturer of the covered vehicle
  • Vehicles used for commercial purposes

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