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Print Forrest FormGuaranteed Auto Protectionist Waiver Agreement/Addendum to the Financing AgreementAddendum #Buyer Newsdealer NameAddressAddressCityStateZip Telephone NumberAmount Financed or Gross

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What is guaranteed auto protection?

Guaranteed auto protection, also known as gap insurance, is a type of coverage that pays the difference between the outstanding balance on a car loan and the car's actual cash value in the event of a total loss.

Who is required to file guaranteed auto protection?

Individuals who have financed a vehicle through a loan or lease are typically required to have guaranteed auto protection to protect themselves financially in case of a total loss.

How to fill out guaranteed auto protection?

To fill out guaranteed auto protection, you will need to provide information such as your vehicle's make, model, year, and VIN, as well as the details of your car loan or lease agreement.

What is the purpose of guaranteed auto protection?

The purpose of guaranteed auto protection is to protect borrowers from incurring financial loss in the event of a total loss of their vehicle when the outstanding loan amount is greater than the actual cash value of the car.

What information must be reported on guaranteed auto protection?

Information such as the vehicle's details, loan or lease agreement, and insurance policy details must be reported on guaranteed auto protection.

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