Total Loss Protection Plan*
called "the gap." It's the difference between the actual value of your
car and the amount on your auto loan or lease at the time of a total
loss. In the first two or three years of ownership, your car may
actually be worth less than your your loan payoff.
If your car
were a total loss, this "gap" could translate into thousands of dollars
that you would still owe after your insurance paid you the actual cash
value of your vehicle
*This is not an insurance product.