Get the free GUARANTEED ASSET PRO TECTION WAIVER - One Source Advantage Plus

GUARANTEED ASSET PROTECTION WAIVER Entered into by and between the Purchaser/Borrower (consumer, you, or your) and the Dealer, as shown below. CONSUMER DEALER ADDRESS CITY STATE HOME PHONE BUSINESS

How to fill out guaranteed asset pro tection

How to fill out guaranteed asset protection:

1. Gather all necessary documents, such as your insurance policy details, purchase agreement, and vehicle registration.
2. Read the terms and conditions carefully to understand the coverage and exclusions.
3. Complete the application form accurately with your personal information, vehicle details, and insurance information.
4. Provide the required supporting documents, such as proof of insurance and vehicle valuation.
5. Review the form for any errors or omissions before submitting it.
6. Pay the required premium or fee for the guaranteed asset protection coverage.
7. Keep a copy of the filled-out form and proof of payment for your records.

Who needs guaranteed asset protection:

1. Individuals who have financed their vehicles and want to protect themselves financially in case of theft or total loss.
2. Those who purchased a vehicle with a significant depreciation rate and want to bridge the gap between the loan amount and the actual value of the vehicle.
3. People who want an added layer of financial security to cover potential gaps in their primary auto insurance coverage.
4. Individuals who frequently drive in high-risk areas or have a history of accidents may find guaranteed asset protection beneficial.
5. Owners who want peace of mind knowing that they are financially protected from potential financial loss in the event of a totaled or stolen vehicle.

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What is guaranteed asset protection?

Guaranteed asset protection, also known as GAP insurance, is a type of coverage that protects a borrower if their vehicle is totaled or stolen and the insurance settlement doesn't cover the remaining loan balance.

Who is required to file guaranteed asset protection?

Individuals who have financed a vehicle through a loan or lease agreement are recommended to consider purchasing GAP insurance.

How to fill out guaranteed asset protection?

To obtain guaranteed asset protection, you can typically purchase it through the dealership or your auto insurance provider.

What is the purpose of guaranteed asset protection?

The purpose of guaranteed asset protection is to cover the difference between the actual cash value of a vehicle and the amount still owed on the loan or lease in the event of a total loss.

What information must be reported on guaranteed asset protection?

The information required for guaranteed asset protection may include details about the vehicle, loan or lease agreement, coverage amount, and premium payments.