Enrollment is available only at the time the financing contract is originally executed.

The GAP Agreement term must match the finance term.

Acceptance of the GAP Agreement is voluntary and is not required in order for customer to obtain credit, does not impact credit terms and has no effect on the terms of the related sale of the collateral.

Timely reporting of GAP Agreements is vital to proper administration of the GAP program.

The GAP Agreement does not cover any collateral where: a) the amount financed is greater than the Maximum Amount Financed Limit stated in the GAP Agreement; and/or b) the financing contract term exceeds the Maximum Term stated in the Agreement. Refer to your state specific form for details on finance limits and finance terms.

Some states have restrictions making the sale of GAP challenging. Please call us to discuss the specifics of your state.

A Qualifying Loss must be reported to Aftercare within ninety (90) days from the Settlement Date. No amount will be waived for any Qualifying Loss reported after ninety (90) days. In the event there is no Primary Insurance, the Customer/Borrower has ninety (90) days from the Date of Loss to report a Qualifying Loss. A Qualifying Loss will cause the GAP Agreement to terminate and be fully earned and not subject to any cancellation refund.

QUALIFYING LOSS PROCEDURES: In the event of a Constructive Total Loss, customer must notify and provide the following to Aftercare: 1) a copy of the Financing Contract and a copy of this signed Agreement, 2) a copy of the Financing Contract history and pay-off as of the Date of Loss, 3) a legible copy of the police report, which must include confirmation of the Collateral shown on the GAP Agreement. If a police report is not available, and the cause of loss to Collateral was NOT due to theft, fire, or vandalism, a signed and notarized brief description of the loss (including confirmation of the Collateral) will be acceptable, 4) a copy of the settlement check, Collateral valuation report, total loss breakdown, and Declarations Page, issued by the Primary Carrier (provided Primary Carrier coverage is in effect on the Date of Loss), 5) a copy of the Bill of Sale (aka Buyer’s Order, Purchase Agreement, etc.) as well as the manufacturer’s invoice or window sticker (if the vehicle was purchased new). If the vehicle was purchased used, a copy of the bookout sheet, 6) verification of any other refundable amounts, 7) any additional or reasonable documentation requested by Aftercare. Aftercare will not be able to obtain this information for the customer.