The value of your vehicle declines rapidly during the first several years of ownership, and with loan terms steadily increasing and down payments decreasing, the loan payoff amortizes in a slower manner throughout the term of the contract. Our GAP Protection Program protects you from this deficiency. GAP Protection covers the difference between the insurance settlement and the loan payoff, providing valuable protection against potential out-of-pocket dollars in the event of an insurance shortfall. In most states even the borrower’s insurance deductible is covered up to $1,000.